> the shareholders were running it as a cash cow all along
Those shareholders have seen an average dividend yield of 2.83% [1] in the past 5 years. In the meantime, the inflation rate has been 2.43%. And if you're about to say 'stock buybacks are more tax-efficient' the stock price is down 63% over that period.
If you think that's a cash cow, you should see what an amazing deal 5-year treasury bills are, with their jaw-dropping 4% return on investment.
Those shareholders have seen an average dividend yield of 2.83% [1] in the past 5 years. In the meantime, the inflation rate has been 2.43%. And if you're about to say 'stock buybacks are more tax-efficient' the stock price is down 63% over that period.
If you think that's a cash cow, you should see what an amazing deal 5-year treasury bills are, with their jaw-dropping 4% return on investment.
[1] https://ycharts.com/companies/INTC/dividend_yield