5 Dividend Stocks to Buy According to Billionaire Michael Price’s MFP Investors

1.  Intel Corporation (NASDAQ:INTC)

MFP Investors LLC’s Stake Value: $109,108,000

Percentage of MFP Investors LLC’s 13F Portfolio: 12.63%

Stock Price as of December 8: $52.57

Intel Corporation (NASDAQ:INTC) was founded in 1968 by Gordon Moore and Robert Noyce. The Santa Clara, California-based company is the biggest semiconductor chip manufacturer in the world in terms of revenue. The company scheduled the quarterly dividend payment of 34.75 cents per share on December 1.

Intel’s dividend yield stands at 2.4%.

Intel Corporation (NASDAQ:INTC) was mentioned in the Q3 2021 investor letter of Davis Funds. Here’s what the fund said:

“Semiconductor-related holdings currently include Intel. While each of these businesses is unique, they serve fast-expanding global end markets ranging from e-commerce and AI to cloud computing, mobile technologies and electric vehicles—a set of market opportunities that dwarf this industry’s historical legacy markets in more mature sectors, such as PCs and mobile devices. We are excited by these new, long-tailed areas of future growth for this set of well-resourced, innovative hightechnology companies. In our view, best-inclass operators have successfully made the transition from what were historically cyclical businesses to “growth cyclicals” over the coming decades. Products today are harder to design and manufacture, let alone source given a strained supply chain, making chips more valuable today than before—in some cases by multiples of past pricing. In addition, financially savvy managements have created value by retiring large percentages of their companies’ shares when their stocks were cheap, with some retiring 20–35% over the last seven years alone.”

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