Qualcomm announces dividend, stock buyback plan
Bucking the trend among tech firms, Qualcomm Inc. announced its first-ever quarterly dividend this week at five cents per share. The San Diego-based company,
Bucking the trend among tech firms, Qualcomm Inc. announced its first-ever quarterly dividend this week at five cents per share.
The San Diego-based company, which had about $3.7 billion in cash and investments at the end of last year, also revealed a $1 billion stock buyback program for the next two years.
Qualcomm had about 783 million shares of common stock outstanding as of Dec. 29.
