Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  QUALCOMM, Inc.    QCOM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

QUALCOMM, Inc. : Qualcomm Increases Quarterly Dividend by 40 Percent and Announces New $5.0 Billion Stock Repurchase Program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/05/2013 | 01:35pm CET

SAN DIEGO, March 5, 2013 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved a 40 percent increase in the Company's quarterly cash dividend and, effective immediately, a new $5.0 billion stock repurchase program to replace the prior $4.0 billion stock repurchase program, which had $2.5 billion of repurchase authority remaining.

The cash dividend will increase from $0.25 to $0.35 per share of common stock and will be effective for quarterly dividends payable after March 27, 2013. This dividend increase will raise the annualized dividend payout to $1.40 per share of common stock.

"In recognition of our strong financial position and continued growth in our business, we are pleased to increase our quarterly cash dividend to a record 35 cents per share and to introduce a new $5.0 billion stock repurchase program," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Our business model continues to generate strong operating cash flows that enable us to invest in and execute on our strategic priorities, while also returning capital to stockholders. Since these programs began in 2003, we have returned $19.9 billion to stockholders through a combination of stock repurchases and cash dividends."

The new stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program will be made using the Company's cash resources and may be commenced or suspended at any time or from time-to-time at the Company's discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, in privately negotiated transactions or through the use of derivative instruments.

About Qualcomm

Qualcomm Incorporated (Nasdaq: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit www.qualcomm.com.

This news release contains forward-looking statements that are subject to risks and uncertainties, including statements regarding the continued growth in the Company's business and the Company's ability to generate cash flows and maintain its cash dividend and/or stock repurchase programs. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with the commercial deployment of and demand for our technologies and our customers' and licensees' equipment, products and services based on these technologies; the uncertainty of global economic conditions; competition; our dependence on a small number of customers, licensees and suppliers; attacks on our licensing business model; claims by third parties that we infringe their intellectual property; and failures, defects or errors in our products and services or in the products of our customers and licensees. These and other risks are detailed in our most recent Form 10-K and Form 10-Q filed with the SEC, copies of which are available on our website at www.qualcomm.com. The Company undertakes no obligation to update any forward-looking statement.

Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

Qualcomm Contact:
Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com

SOURCE Qualcomm Incorporated

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on QUALCOMM, INC.
12/01DJMARKET SNAPSHOT : Dow Closes At Record High, Nasdaq Slumps On Weak Technology St..
12/01 NASDAQ 100 MOVERS : Qcom, tsco
12/01 QUALCOMM : Samsung sued by KAIST over FinFET patent infringement
12/01 YDreams Global to use Virtual Reality in the development of simulations for m..
12/01 Sixth Business of Intellectual Property Asia Forum Opens
12/01 Qualcomm to ship customized server chips
11/30 QUALCOMM : Announces Intent to Support New Amazon Web Services Greengrass Platfo..
11/29 QUALCOMM INC/DE : Entry into a Material Definitive Agreement, Creation of a Dire..
11/29DJIntel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
11/29 QUALCOMM : & Samsung Tie Up for Latest Snapdragon Chipset
More news
Sector news : Communications & Networking - NEC
12/01DJFitbit Set to Acquire Smartwatch Maker Pebble
11/30 Siemens hires Cisco manager to add high-tech acumen to board
11/17 CISCO : profit forecast misses estimates, shares slip
11/16DJERICSSON CEO : See 2017 Mobile Telecom-Equipment Market Shrinking 2%-7%
11/15DJGeneral Electric to Buy Two Tech Startups
More sector news : Communications & Networking - NEC
News from SeekingAlpha
08:38a Income Investors Have Done Well In 2016
12/02 MICROSOFT : Requiem For A Smartphone
12/02 Mizuho Securities issues confidence in semiconductors amid pullback
12/02 Northland Securities restates $75 target on Qualcomm subsequent 6%+ hit
12/01 With 2016 Nearing A Close, Our Dividend Growth Portfolio Is Up Almost 10%