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Qualcomm To Buy Back Up To $15 Bln Of Shares, Raise Dividend


Ron Burgundy
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File photo of the sign hanging outside the Qualcomm booth at the International Consumer Electronics show (CES) in Las Vegas(Reuters) - Chipmaker Qualcomm Inc said it would buy back up to $15 billion of shares and raise its quarterly dividend. Qualcomm also raised its quarterly dividend to 48 cents per share from 42 cents, effective March 25. The new buyback plan replaces the previous program, which had $2.1 billion authorization remaining, Qualcomm said. Qualcomm said on Monday it would continue to return at least 75 percent of its free cash flow to shareholders annually.




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