QUALCOMM Announces $5B Buyback Plan

 Qualcomm Incorporated 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacks
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!