QUALCOMM Announces 10% Increase In Quarterly Cash Dividend Of $0.53 A Share

QUALCOMM, Inc. QCOM said in a statement a quarterly cash dividend of 53 cents a share would be paid to its share holders. The new dividend rate represented 10 percent increase over the previous quarterly dividend.

QUALCOMM said it had established June 1 as a record date for determining the shareholders name. According to the company, the dividend would be payable on June 22 to those shareholders name appearing at the close of the record date.

The company is a world leader in 3G, 4G, and next-generation wireless technologies. The last dividend paid by the company was $0.48 a share.

Shares of the company closed Thursday's trading at $50.03.