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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (11269)	3/5/2013 8:07:26 AM
From: Triffin	Read Replies (2) of 34328

QCOM boosts quarterly payout by 40% ===== 7:32 am Qualcomm increases quarterly dividend by 40% to $0.35/share from $0.25/share; announces new $5 bln stock repurchase program ( QCOM) : Co announced that its Board of Directors has approved a 40 percent increase in the Company's quarterly cash dividend and, effective immediately, a new $5.0 bln stock repurchase program to replace the prior $4.0 bln stock repurchase program, which had $2.5 bln of repurchase authority remaining. The cash dividend will increase from $0.25 to $0.35 per share of common stock and will be effective for quarterly dividends payable after March 27, 2013. "In recognition of our strong financial position and continued growth in our business, we are pleased to increase our quarterly cash dividend to a record 35 cents per share and to introduce a new $5.0 billion stock repurchase program," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Our business model continues to generate strong operating cash flows that enable us to invest in and execute on our strategic priorities, while also returning capital to stockholders. Since these programs began in 2003, we have returned $19.9 billion to stockholders through a combination of stock repurchases and cash dividends." ===== Triff ..

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