Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nasdaq  >  QUALCOMM, Inc.    QCOM   US7475251036


Delayed Quote. Delayed Nasdaq - 07/02 04:00:00 pm
63.11 USD   +0.33%
07/01DJXiaomi Gets New CFO
06/26 QUALCOMM : Former Qualcomm executive sent to prison for insider trad..
06/25 AIRBUS : Broadband space race heats up as Airbus and Virgin Group jo..
News SummaryMost relevantAll newsSector news 

QUALCOMM, Inc. : Qualcomm raises dividend, increases share repurchase

03/05/2013 | 09:23am US/Eastern

(Reuters) - Qualcomm Inc, the world's leading supplier of chips for cellphones, said it was raising its quarterly cash dividend by 40 percent and introduced a new $5 billion stock repurchase program, sending its shares higher in premarket trading.

The quarterly dividend will increase to 35 cents per share from 25 cents.

The $5 billion stock repurchase program, which has no expiration date, replaces a $4 billion buyback program. About $2.5 billion of "repurchase authority" had been remaining on the previous buyback program.

Shares rose $1.62 or 2.4 percent on the news to $68.25 per share in premarket trading.

The news comes as San Diego-based Qualcomm is benefiting from strong demand for smartphones and a move by network operators around the world to a high-speed wireless technology known as long term evolution (LTE), where Qualcomm is ahead of rivals.

On January 30, Qualcomm raised its financial targets for this year and also announced the retirement of its chief financial officer.

(Reporting By Liana B. Baker; Editing by Gerald E. McCormick)

React to this article
Latest news on QUALCOMM, INC.
07/01DJXiaomi Gets New CFO
07/01 QUALCOMM : to invest $90 mil. in Korea
06/30 QUALCOMM : denies chip business spinoff
06/30 QUALCOMM, Inc. (QCOM) Joins The Bandwagon Of Companies To Provide Affordable ..
06/29 QUALCOMM : The Snapdragon 820 is the most powerful mobile chipset right now
06/28 AIRBUS : OneWeb raises $500 million to transform internet access
06/27 QUALCOMM : Insider Trading: Ex-Qualcomm exec jailed, fined $500k
06/27 SAMSUNG ELECTRONICS : Snapdragon 820 will feature CPU with clock speed of 3.0 GH..
06/27 QUALCOMM : Former Qualcomm executive sent to prison for insider trading
06/27 AIRBUS : Sir Richard Branson and Airbus back UK micro-satellite builder
Duration : Period :
QUALCOMM, Inc. Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Income Statement Evolution
More Financials