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Qualcomm Raises Quarterly Dividend by 6.3%

Provided by Dow Jones

Mar 5, 2024 2:22pm

By Colin Kellaher

Qualcomm's board has raised the chip maker's quarterly dividend by 6.3%, to 85 cents a share from 80 cents.

The new payout, equal to $3.40 a year, represents an annual yield of about 2.04% based on Monday's closing price of $166.56, up from 1.92%.

The San Diego company on Tuesday said the increase is effective for dividends payable after March 21.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 05, 2024 09:22 ET (14:22 GMT)

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