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Qualcomm Inc Increases Quarterly Dividend By 40% and Announces New $5.0 Billion Stock Repurchase Program


Tuesday, 5 Mar 2013 07:30am EST 

Qualcomm Inc announced that its Board of Directors has approved a 40% increase in the Company's quarterly cash dividend and, effective immediately, a new $5.0 billion stock repurchase program to replace the prior $4.0 billion stock repurchase program, which had $2.5 billion of repurchase authority remaining. The cash dividend will increase from $0.25 to $0.35 per share of common stock and will be effective for quarterly dividends payable after March 27, 2013. This dividend increase will raise the annualized dividend payout to $1.40 per share of common stock.