Qualcomm hikes dividend by 4.7%

Qualcomm (QCOM) will hike the quarterly dividend by 4.7% to $0.89 per share in 2025. This marks 22 consecutive years of increased dividends. The dividend yield is 2.3% at a stock price of $158.

Qualcomm Incorporated announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.85 to $0.89 per share. This increase will take effect for dividends payable after March 27, 2025, bringing the annualized dividend payout to $3.56 per share. At a share price of $157.95, this translates to a dividend yield of 2.3%.

Cristiano Amon, President and CEO of Qualcomm Incorporated, said, "We are pleased to announce an increase in our quarterly dividend. Given our long-term growth expectations we provided at our 2024 Investor Day, we remain committed to returning capital to stockholders through a balanced capital return policy, including a baseline of anti-dilutive stock repurchases, and an annualized dividend target of low- to mid-single-digit percentage growth."

Qualcomm Incorporated manufactures digital wireless communications equipment. Qualcomm’s products principally consist of integrated circuits (chips/chipsets) and system software used in mobile devices and in wireless networks. Qualcomm's technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices. Trademarks of Qualcomm Incorporated are Qualcomm, Snapdragon, MSM, Hexagon, Adreno and Wireless Reach.  The company was incorporated in California in 1985 and reincorporated in Delaware in 1991.