Will Micron Follow Nvidia and Give Investors a Huge Dividend Hike?
Nvidia just raised its dividend by 2,400%. Is Micron next?
Overview
Once upon a time, semiconductor stocks were solid dividend payers.
Before the AI boom, many of these household names paid yields that were significantly higher than the S&P 500, a reflection of the earlier perception of chip stocks as cyclical companies that rewarded investors with dividends as much as growth.
Details
Nvidia's (NASDAQ:NVDA) yield topped 2% shortly after it launched its dividend in 2012, and Broadcom's was hovering above 3% for much of this decade. Intel was a dividend powerhouse with a yield of 3%-4% for much of the 2010s, before axing the payout to invest in its turnaround.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.