Qualcomm Boosts Quarterly Dividend by 16%, Sets $4 Bln Buyback

Qualcomm Inc. (QCOM), the world’s biggest maker of mobile-phone chips, raised its quarterly dividend 16 percent to 25 cents a share from 21.5 cents and said it will repurchase as much as $4 billion in shares.

The share repurchase program replaces a $3 billion authorization, of which about $948 million remained, the company said.

To contact the editor responsible for this story: JoAnne Norton at jnorton@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.