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May 18, 2000
Intel declares 2-for-1 stock split
SANTA CLARA, Calif. (AP) -- Intel Corp., the world's largest computer chipmaker, announced a 2-for-1 stock split.
The Santa Clara, Calif.-based company said shareholders of record on July 2 will receive one additional share for each that they own, boosting the number of outstanding shares to 10 billion. The stock split was announced Wednesday at the company's annual meeting.
Intel's board of directors also approved an increase in the company's quarterly cash dividend first paid after the stock split to 2 cents a share from 1.5 cents.
Shares of Intel rose $1.31.25 to $123.18.75 in trading on the Nasdaq Stock Market.