Qualcomm Increases Quarterly Dividend By 5%

By Cyber Era Reporter

Qualcomm Incorporated has announced that its Board of Directors has approved a 5 per cent increase in the Company’s quarterly cash dividend. The quarterly cash dividend will increase from US$0.62 to US$0.65 per share of common stock and will be effective for quarterly dividends payable after March 26, 2020. This dividend increase will raise the annualized dividend payout to US$2.60 per share of common stock.

CEO of Qualcomm Incorporated, Steve Mollenkopf said, “We are pleased to announce an increase in our quarterly dividend, reflecting our continued commitment to returning capital to stockholders.”