Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that its Board of Directors has approved a 6 percent increase in the Company's quarterly cash dividend.
The dividend will increase from $0.16 to $0.17 per share of common stock and will be effective for quarterly dividends payable after March 27, 2009. This dividend increase raises the annual dividend to $0.68 per share of common stock.
"We are pleased to announce an increase in our cash dividend," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "Despite the uncertain global economic environment, we continue to execute on our strategic objectives, driving strong operating cash flows, enabling us to return capital to stockholders through stock repurchases and dividends." Since these programs began in 2003, the Company has returned $9.8 billion to stockholders through stock repurchases and cash dividends.
Qualcomm is hosting its annual stockholders' meeting on March 3, 2009 in San Diego, California. The meeting will be simulcast on the Company's website at www.qualcomm.com.
Qualcomm Incorporated (Nasdaq: QCOM) 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 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500® company. For more information, please visit www.qualcomm.com.