QUALCOMM Announces $5B Buyback Plan
Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved, effective immediately, a new $5.0 billion stock repurchase program. This replaces the prior $5.0 billion stock repurchase program announced on March 5, 2013, at which time we had also announced a 40 percent increase in the quarterly cash dividend. Since July 24, 2013, the Company repurchased approximately 40.1 million shares of common stock for approximately $2.7 billion.
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