Sunday, February 28, 2010

Qualcomm Increases Quarterly Dividend by 12%

Qualcomm announced a 12% increase in its quarterly cash dividend, which will increase from $0.17 to $0.19 per share of common stock and will be effective for quarterly dividends payable after March 28, 2010. This dividend increase will raise the annualized dividend payout to $0.76 per share of common stock.

The company also announced a new $3.0 billion stock repurchase program to replace a $2.0 billion stock repurchase program, which was recently completed with $1.7 billion of repurchase activity.