Deals
Qualcomm Boosts Dividend by 40%, Sets $5 Billion Buyback
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Qualcomm Inc. boosted its dividend by 40 percent and set up a $5 billion share-buyback plan, rewarding investors after rising demand for smartphones that run on its technology spurred sales growth.
The quarterly cash dividend will increase to 35 cents from 25 cents, Qualcomm, the largest seller of semiconductors for mobile phones, said in a statement today. The new share-repurchase plan replaces an older $4 billion plan that had $2.5 billion remaining.