Drowned Out by the Apple Partying: Intel and Microsoft Rake In Cash, Pay Dividends
Apple’s (AAPL) blow-out fiscal first quarter sucked all the air out of the room, and it seemed there was little worth saying about the quarterly results of Intel (INTC) and Microsoft (MSFT). But those companies are remarkable in their own steady ways.
The cash generation, payouts to shareholders in dividends and buybacks, and consistency of earnings make their PEs seem very cheap to some.
Yes, Apple is almost as cheap on a price-to-earnings basis, and if you’re building a one-stock portfolio, it’s the perfect candidate. But the continuing strength of Microsoft and Intel deserves examination, especially by investors keen on dividend income.