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Qualcomm Raises Its Dividend

By Eric Volkman - Apr 9, 2013 at 5:30PM

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The telecom equipment powerhouse cranks its payout by 40%.

Qualcomm (QCOM 3.65%) is phoning in some encouraging news for its shareholders. The company has lifted its quarterly dividend to $0.35 per share of its common stock. This will be distributed on June 26 to shareholders of record as of June 5. The new amount is a hefty 40% above the previous level of $0.25, which had most recently been handed out last month. Prior to that, the firm paid $0.215 per share.

Qualcomm is a habitual dividend payer. It tends to increase its payout roughly once every year.

The new dividend annualizes to $1.40 per share. That yields 2.1% at the company's current stock price of $65.96.

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QUALCOMM Incorporated Stock Quote
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