QUALCOMM Inc. Increases Quarterly Dividend By 16% And Announces New $4.0 Billion Stock Repurchase Program

QUALCOMM Inc. announced that its Board of Directors has approved a 16% increase in the Company's quarterly cash dividend and, effective immediately, a new $4.0 billion stock repurchase program to replace the prior $3.0 billion stock repurchase program, which had $948 million of repurchase authority remaining, net of put options outstanding. The cash dividend will increase from $0.215 to $0.25 per share of common stock and will be effective for quarterly dividends payable after March 23, 2012. This dividend increase will raise the annualized dividend payout to $1.00 per share of common stock.