I have been patiently waiting for Intel to drop below $20 all month.
I could not pass up adding today as the stock opened up 3.5% lower on the retirement of the CEO.
Pulled the trigger on 200 shares at $19.63 for an initial yield of 4.58%.
Did I catch the bottom? Most likely not.
However, I am happy collecting a 4% plus yield on a premium blue chip that I believe will right the ship despite the fears of slowed growth in the PC market and lack of market share in the mobile chip market.
This latest Intel purchase will provide me an additional $180 in annual dividend income.