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

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

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.
07/27 QUALCOMM : Appoints Sunil Lalvani as Vice President and President of Qualcomm In..
07/27 QUALCOMM : Starts Strategic Realignment Plan
07/27 QUALCOMM : Appoints Sunil Lalvani as Vice President and President of Qualcomm In..
07/24 INTEL : Qualcomm should get Intel to take on Snapdragon chip production, says Wa..
07/24 Qualcomm breakup could beget Intel courtship
07/23 Wall Street falls for third day as earnings disappoint
07/23 QUALCOMM : mulls business split amid layoffs
07/23 Qualcomm's potential break-up could lead to courtship with Intel
07/23 QUALCOMM : to cut jobs, realign structure as Q3 revenues dip significantly
07/23 NASDAQ 100 MOVERS : Qcom, sndk
Duration : Period :
QUALCOMM, Inc. Technical Analysis Chart | QCOM | US7475251036 | 4-Traders
Income Statement Evolution
More Financials