Lates News

Qualcomm's board of directors has approved a 3.4% increase in quarterly dividends from 89 cents per share to 92 cents per share and an increase in the authorization amount for its stock buyback program by $20 billion. The new quarterly dividend equates to $3.68 per year, which at Monday's closing price of $129.39 per share, calculates to an annual dividend yield of approximately 2.84%, higher than the previous 2.75%. This adjustment will take effect on March 26. Qualcomm stated that the new buyback program is an additional plan following the $15 billion buyback plan announced in November 2024, which still has approximately $21 billion remaining. As of February 2, Qualcomm had close to 1.07 billion shares outstanding, with a market value exceeding $138 billion.