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Qualcomm Inc increases quarterly dividend by 20 pct and share repurchase authorization by $5.0 bln


Tuesday, 4 Mar 2014 07:30am EST 

Qualcomm Inc:Cash dividend will increase from $0.35 to $0.42 per share of common stock and will be effective for quarterly dividends payable after March 26.Dividend increase will raise the annualized dividend payout to $1.68 per share of common stock.Says $5.0 bln increase in stock repurchase program brings current authorization to $7.8 bln.Prior to this increase, $2.8 bln remained available under the stock repurchase program.To date in fiscal 2014, the company has repurchased 27.6 mln shares of common stock for $2.0 bln. 

Company Quote

68.88
1.855 +2.77%
30 Mar 2015