Intel Quashed Its Dividend in 2024. Now the Stock's Up 389% and Investors Want It Back.

Dividend tech stocks are a rare breed. I mean, technically NVIDIA (NASDAQ: NVDA) and Apple (NASDAQ: AAPL) pay dividends, but the yields barely reach 1%. That's why finding a decent tech company that pays reasonable yields while offering ample room for capital growth is like finding a golden needle in a haystack.

And a few short years ago, Intel (NASDAQ: INTC) fit that description to a T. The company paid yields that averaged around 2% for more than three decades and increased payouts for eight straight years. Even better, it was at the very top of the semiconductor industry. In fact, back then, AMD (NASDAQ: AMD) and NVIDIA - yes, that NVIDIA - were playing catch-up to Intel for decades.

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But now, that's all in the past as a series of unfortunate events cast doubt on the company's future.

After pouring money into its foundry business, losing market share to AMD, watching NVIDIA dominate the AI revolution, and ultimately cutting its dividend altogether in 2024, Intel went from being the undisputed king of semiconductors and a tech dividend darling to one of Wall Street's biggest disappointments.

But now, things are looking up. Foundry is starting to contribute, the company is clawing its way back into generating meaningful revenue, and Wall Street is warming up to Intel's potential turnaround story.

So that begs the question: Can Intel reclaim its glory days from the past? Does its current trajectory open up the possibility of paying dividends again?