Qualcomm boosts dividend, stock buyback program

Qualcomm increases dividend by 20 pct, boosts stock buyback program by $5B

RELATED QUOTES

SymbolPriceChange
QCOM68.52-0.03

SAN DIEGO (AP) -- Qualcomm announced a 20 percent increase to its quarterly dividend and boosted its stock buyback program by $5 billion Tuesday.

The San Diego chip maker said the new dividend of 42 cents, up 7 cents, will be effective for quarterly dividends paid after March 26. The $5 billion increase in the stock buyback program brings the company's current authorization to $7.8 billion. 

Qualcomm has bought back 27.6 million shares for $2 billion this fiscal year. The stock buyback program has no expiration date.

Shares of Qualcomm Inc. rose $2.12, or 3 percent, to $75.75 in premarket trading.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2575+0.0004+0.03%
    GBPUSD=X
    1.1904+0.0058+0.49%
    GBPEUR=X
    144.9700+1.58+1.10%
    GBPJPY=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    50.46-0.01-0.02%
    BZF17.NYM
    1,158.40-11.40-0.97%
    GCZ16.CMX
    16.82-0.20-1.20%
    SIZ16.CMX
    2.64+0.03+0.95%
    HGZ16.CMX

TOP TRADING PROVIDER

  • Trade now

    Trade now

    Create account for free with the No.1 spread betting and CFD provider. Losses can exceed deposits. More »