Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders. The maker of the Jeep and Dodge brands is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.6 billion worth of shares after posting revenue of $191.2 billion, up 18% on the year. Stellantis sold 288,000 electric vehicles globally* last year, a 41% increase from 2021.
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Intel Slashes Dividend by Over 65%, to 12.5 cents. Intel CEO Pat Gelsinger said on a call with analysts that the company’s board was cautious in weighing the first dividend cut since 2000. He added Intel intended to resume growing the dividend “over time.” This is part of the company's wide-ranging set of cost cuts.
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