Member access

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

QUALCOMM, INC. (QCOM)

162
Delayed Quote. Delayed Nasdaq - 07/24 04:00:03 pm
76.172 USD   -6.65%
4h ago QUALCOMM : US chipmaker to be deemed monopoly
4h ago QUALCOMM : US chipmaker to be deemed monopoly
1d ago QUALCOMM : Report: China to declare Qualcomm a monopoly
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

03/05/2013 | 09:23am US/Eastern
Recommend:
0

(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)

Recommend :
0
React to this article
Latest news on QUALCOMM, INC.
4h ago QUALCOMM : US chipmaker to be deemed monopoly
4h ago QUALCOMM : US chipmaker to be deemed monopoly
1d ago QUALCOMM : Report: China to declare Qualcomm a monopoly
1d ago QUALCOMM : Students at South Delhi government school study on tabs
1d ago S&P 500 MOVERS : Trip, ua
1d agoDJMARKET SNAPSHOT : U.S. Stocks Open Higher; Facebook Jumps On Results
1d agoDJU.S. HOT STOCKS : Hot Stocks to Watch
1d agoDJMARKET SNAPSHOT : U.S. Stocks: Futures Up; Jobless Claims Tumble
1d agoDJMARKET SNAPSHOT : U.S. Stocks: Futures Up; Jobless Claims Tumble
1d ago QUALCOMM : NDRC confirms Qualcomm's monopoly
Advertisement
Chart
Duration : Period :
QUALCOMM, Inc. Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Income Statement Evolution
QUALCOMM, Inc. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF