Categories: Dividends

Qualcomm ups Dividend 20 Percent

Martin Fisch

Qualcomm ups Dividend 20 Percent (Bloomberg)

Income investors already in Qualcomm, Inc. (QCOM) received a nice surprise this morning when the world’s biggest provider of mobile-phone chips raised its quarterly dividend a full 20 percent to 42 cents per share. At the same time, the company hinted at further increasing shareholder value by reserving the right to buy back an additional $5 billion in shares. This would be in addition to the $2 billion in shares recently repurchased by the San Diego-based company. With Steve Mollenkopf taking over as CEO today and hosting the company’s annual shareholders’ meeting, investors will get a better idea of what lies ahead in 2014. (Note: Qualcomm is a current holding in Chris Versace’s PowerTrend Profits portfolio.)

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.