What the QUALCOMM Dividend Boost Means For Mutual Fund Investors (QCOM)
Shauna O'Brien Mar 10, 2015
Inside the News
The company increased its dividend by 14% to $1.92 annually. The stock now yields approximately 2.65% and this dividend increase will be effective during June’s payout.
Share Buy Back
Qualcomm’s Board of Directors has authorized a $15 billion share buy back program. This will add to its current $2.1 billion authorization. According to QCOM, it will purchase $10 billion in shares in the next twelve months.
Over a Decade of Dividend Increases
Qualcomm has boosted its dividend every year since 2003. On average, the company raises its dividend by about 20% a year.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market||1.74%|
|VFINX||Vanguard 500 Index||1.11%|
The Bottom Line
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