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foreign [Music] welcome back to our Channel Hypertech X Intel the worlds largest chip maker announced a docHub cut in its quarterly dividend by more than 65 from 36.5 cents to 12.5 cents this comes weeks after the company implemented a wide-ranging set of Cost Cuts in this video well take a closer look at Intels recent decision to cut its dividend what this means for the company and how it might affect its long-term growth prospects stay tuned to find out more Pat gelsinger said the board and I continue to view the dividend as a critical component to the overall attractiveness of Intel we intend to resume growing the dividend over time gelsinger insisted that both he and the board remain committed to maintaining a competitive yield but Intels dividend yield is now 1.9 percent down docHubly from its prior yield of 5.6 percent Intels most recent results were a top and bottom line Miss and a 664 million dollar net loss for the fourth quarter of 2022 which send its share pr