QUALCOMM (QCOM) Increases Dividend, Announces Stock Buyback Plan
By Daniel James Hayden IV
March 01, 2010 5:53 PM
March 01, 2010 5:53 PM
Symbols: QCOM
Tags: QUALCOMM Incorporated
QUALCOMM Inc (Nasdaq: QCOM) announced late on Monday that it would increase its quarterly dividend by 11.8% to 19 cents per share.
QUALCOMM also announced a $3 billion stock repurchase program.
As of February 26, QUALCOMM had nearly 1.64 billion shares outstanding.
Shares of the company fell 3% to $35.56 during Monday's trading.
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