SAN DIEGO, March 8, 2011 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that its Board of Directors has approved a 13 percent increase in the Company's quarterly cash dividend.
The cash dividend will increase from $0.19 to $0.215 per share of common stock and will be effective for quarterly dividends payable after March 25, 2011. This dividend increase will raise the annualized dividend payout to $0.86 per share of common stock.
"We are pleased to announce an increase in our cash dividend," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "Our business model continues to drive strong cash flows enabling significant investments in our strategic business initiatives while continuing to return capital to stockholders. Since these programs began in 2003, the Company has returned $15.2 billion to stockholders through a combination of stock repurchases and cash dividends."
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G and next-generation mobile technologies. For 25 years, Qualcomm ideas and inventions have driven the evolution of wireless communications, connecting people more closely to information, entertainment and each other. Today, Qualcomm technologies are powering the convergence of mobile communications and consumer electronics, making wireless devices and services more personal, affordable and accessible to people everywhere. For more information, visit Qualcomm around the Web:
Corporate Blog: www.qualcomm.com/blog
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to maintain its cash dividend program, its ability to continue to fund its stock repurchase program, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 2010, and most recent Form 10-Q. The Company undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
SOURCE Qualcomm Incorporated