Qualcomm boosts dividend and buyback plan


The quarterly dividend is raised 20% to $0.42 per share for an annualized yield of 2.3% based on last night's close. $5B is added to the buyback program, bringing the total authorization up to $7.8B. Thus far this year, the company has bought back 7.6M shares for $2B.

QCOM +3.2% premarket

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Comments (9)
  • enthusiasticinvestor
    , contributor
    Comments (104) | Send Message
     
    Ugh, was hoping to add to my position if it dropped a little further. Guess I shouldn't have been so greedy. Can't really complain about a dividend raise however.
    4 Mar 2014, 08:21 AM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    It's funny. Go to work for a company and expect a 20% raise pretty much never, despite the fact that you're contributing directly to the bottom line. Own a bit of a company, though and you get this benefit for doing nothing but due diligence and waiting.
    4 Mar 2014, 08:27 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10023) | Send Message
     
    JD,
    Are you saying you never get a raise? OTOH it might be a wake up call to invest your money wisely. Banks pay you for a savings account and you don't do anything. If you want a 20% raise, which this is not, increase your worth to the firm by 20% increase in production or a 20% decrease in costs or both.
    4 Mar 2014, 11:12 AM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    As the sole proprietor of a small business, raises aren't really the issue for me these days. By all means, though, continue to make assumptions. I do however remember well the days of being a corporate drone, as pay increases were doled out via formula, policy and favoritism.

     

    No, this is not a 20% raise for me. However, it is a 20% raise in that part of my income that comes from Qualcomm dividends. As my intention is to eventually live off such income, that's an important figure for me. Right now I'm averaging a 13.22% increase for those companies that have raised dividends so far this year.
    4 Mar 2014, 11:21 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10023) | Send Message
     
    JD,
    Reread what I said. It applies to sole proprietor of a small business. If you want a raise you need to increase productivity or cut expenses or both. If you aren't paying yourself - well why not?
    4 Mar 2014, 02:47 PM Reply Like
  • maybenot
    , contributor
    Comments (6512) | Send Message
     
    Long QCOM -- great eps & rev. which supports the div increase.
    4 Mar 2014, 09:14 AM Reply Like
  • TimmiesRegular
    , contributor
    Comments (4410) | Send Message
     
    Nice. I couldn't understand why this money machine was drifting lower. I'm long on QCOM.
    4 Mar 2014, 09:28 AM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Is Qcom on its way to becoming the best dividend tech stock ?

     

    http://seekingalpha.co...
    4 Mar 2014, 01:30 PM Reply Like
  • BlueOkie
    , contributor
    Comments (10023) | Send Message
     
    QCOM had their annual meeting today! Go to their website and listen. I added to my position. In the next 5 years they plan to double. That's a ~15% growth.
    4 Mar 2014, 02:48 PM Reply Like
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