Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved a 17 percent increase in the Company's quarterly cash dividend.
The dividend will increase from $0.12 to $0.14 per share of common stock and will be effective for quarterly dividends payable after March 30, 2007. This dividend increase raises the annual dividend to $0.56 per share of common stock.
“We continue to focus on returning capital to our stockholders. Today's announcement highlights our confidence in the future of our business and of the wireless industry,” said Dr. Paul E. Jacobs, chief executive officer of Qualcomm.
Qualcomm is hosting its annual stockholder meeting on March 13, 2007 in San Diego, California. The meeting will be simulcast on the Company's website at www.qualcomm.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2006 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.