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QUALCOMM Boosts Dividend 14%; Approves $15B Share Buyback (QCOM)

On Tuesday morning, QUALCOMM (QCOM ) announced that it has raised its quarterly dividend and has approved a $15 billion share repurchase program.

Qualcomm announced that its Board of Directors has approved an increase to its capital return program for shareholders.

A $15 billion share buy back program has been approved, in which company plans to buy back $10 billion worth of shares in the next 12 months. There is currently $2.1 billion remaining from QCOM’s previous repurchase authorization.

The company has also boosted its dividend 14% from 42 cents to 48 cents quarterly, or $1.92 annually. This dividend increase will be effective in the company’s June payout.

Qualcomm has been raising its dividend annually since 2003.

The Bottom Line

Shares of QCOM were up $1.35, or 1.86% during premarket trading Tuesday. The stock is down 2.18% YTD.

QCOM Dividend Snapshot

As of market close on March 9, 2015

QCOM dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of QCOM dividends.

QUALCOMM (QCOM ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.