5 Best Innovative Stocks that Pay Dividends

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation (NASDAQ:INTC) is next on our list of the best innovative stocks. The semiconductor company is renowned for its groundbreaking work in microprocessor development. It created the first commercially successful microprocessor, the Intel 4004, in 1971. This invention revolutionized computing by integrating the functions of multiple transistors onto a single chip, paving the way for smaller, faster, and more powerful computers.

Intel Corporation (NASDAQ:INTC) offers a quarterly dividend of $0.125 per share and has a dividend yield of 1.49%, as recorded on July 14.

According to Insider Monkey’s database of Q1 2023, 68 hedge funds owned stakes in Intel Corporation (NASDAQ:INTC), up from 61 in the previous quarter. These stakes have a consolidated value of roughly $3.7 billion.

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