If Intel cuts its dividend the stock will crater. Since executive compensation is stock-based, tied to the stock performance, or both, there's an obvious incentive to keep the dividend going.
The dividend has become more political than normal. In finance theory, a dividend is supposed to be a paid-out return. If you're cutting salaries to pay the dividend that means that you don't have enough surplus...by definition.
Intel's sales aren't going to get any better anytime soon, so the cut is coming eventually. They're starting a death spiral, one that'll be hard to escape.
The dividend has become more political than normal. In finance theory, a dividend is supposed to be a paid-out return. If you're cutting salaries to pay the dividend that means that you don't have enough surplus...by definition.
Intel's sales aren't going to get any better anytime soon, so the cut is coming eventually. They're starting a death spiral, one that'll be hard to escape.