Qualcomm approves $20 billion stock buyback plan and plans to raise dividends.

Qualcomm, the world's largest smartphone processor manufacturer, plans to repurchase $20 billion worth of stock and increase quarterly cash dividends, as part of its efforts to enhance shareholder returns and diversify its business. According to a company statement, the chipmaker's board of directors has approved a new stock repurchase program, which is a supplement to the previous repurchase announced in November 2024. After March 26, the company, based in San Diego, California, will increase its quarterly dividend from 89 cents per share to 92 cents per share, raising the annual dividend to $3.68 per share.