* Paul Jacobs to take chairman job from Irwin Jacobs
* Raising dividend to 17 cents per shr from 16 cents
* Shares close up 66 cents or 3 pct at $33.45
NEW YORK, March 3 Qualcomm Inc (QCOM.O) said on
Tuesday it would increase its dividend by 6 percent and that
Chief Executive Paul Jacobs would also take the role of
chairman of the board, currently held by his father Irwin.
The supplier of cellphone chips and technology said Irwin
Jacobs, 75, who co-founded Qualcomm and was CEO from 1985 to
2005, decided to give up the chair but remain on the board in
order to devote more time to personal pursuits. Paul Jacobs,
46, took on the CEO role in 2005.
Qualcomm, of San Diego, California, also said on Tuesday
that its quarterly dividend would increase to 17 cents a share
in future quarters after a quarterly payout of 16 cents per
share dividend due on March 27.
"Despite the uncertain global economic environment, we
continue to execute on our strategic objectives, driving strong
operating cash flows, enabling us to return capital to
stockholders through stock repurchases and dividends," Paul
Jacobs said in a statement.
The company said it returned $9.8 billion to stockholders
through share buybacks and dividends since 2003. Qualcomm
shares closed up 66 cents, or 2 percent, at $33.45 on Nasdaq on