Solid session for Intel generates 5.84% gain yesterday

Yesterday at a glance: Intel rallied 5.84% and ended the session at $29.

• Daily trading volume (71.86 million shares) increased, making up 192% of the 21-day average (37.39 million).
• Intel's board sets quarterly dividend of 12.5 cents per share to be paid on Thursday, June 1st; annual dividend yield esimated at 1.72%.

With around 3 days until market open on the NASDAQ, yesterday's session saw to it that Dow Jones increases 1% before ending the session at 33,100. S&P 500 rose 1.3% and finished the day at 4,205.45. Nasdaq added 2.19% before ending the session at 12,976. Intel climbed to $27.4 with similar gains seen throughout the Technology sector (up 0.534%).

Having soared to a high of $44.84 approximately 11 months ago, the hardware manufacturer is now trading 38.89% lower. So far this year, it has been doing worse than the Nasdaq by 11.51%. Intel is currently trading with a market cap of $120.96 billion with an average daily trading volume of 37.39 million shares. Intel is forecasted to generate revenues of $11 billion and EPS of -4 cents.

Intel disclosed a quarterly dividend of 12.5 cents per share on Wednesday, February 22nd — to be paid on Thursday, June 1st to all shareholders of record up until Sunday, May 7th. The company's decision delivers Intel shareholders with an annual dividend yield of 1.72%.

This rally in Intel's share price coincided with other technology stocks as Qualcomm added 6.09% to its value, and traded at $110.35. Accenture plc Class A (Ireland) was up 4.06%. Adobe gained 5.95%, as it traded at $415.39.