Qualcomm (QCOM) Increases Quarterly Dividend by 5%

March 10, 2021 9:02 AM EST

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Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Board of Directors has approved a 5 percent increase in the Company's quarterly cash dividend. The quarterly cash dividend will increase from $0.65 to $0.68 per share of common stock and will be effective for quarterly dividends payable after March 25, 2021. This dividend increase will raise the annualized dividend payout to $2.72 per share of common stock.

Steve Mollenkopf, CEO of Qualcomm Incorporated, said, "We are pleased to announce an increase in our quarterly dividend, reflecting our strong financial performance and continued commitment to returning capital to stockholders."

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