Tags: Qualcomm | dividend | share repurchase | cellphone chip

Qualcomm Boosts Dividend, Adds $5 Billion to Buyback Plan

Tuesday, 04 Mar 2014 08:57 AM

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.

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Qualcomm Inc, the world's biggest cellphone chip maker, raised its share repurchase authorization by $5 billion to $7.8 billion.
Qualcomm,dividend,share repurchase,cellphone chip
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2014-57-04
Tuesday, 04 Mar 2014 08:57 AM
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