Qualcomm Raises Quarterly Dividend
San Diego-based Qualcomm Inc. (NASDAQ: QCOM – $79.14) has declared a quarterly dividend of $0.42 per share, a 20% increase from the prior dividend of $0.35. The new rate will provide investors with a 2.1% annual yield. Separately, the mobile chip provider introduced its next generation of high-end mobile processors – Snapdragon 808 and 810 – to enhance video, imaging and graphics for smart phones and tablets. The shares, although up nearly 20% in the past twelve months, continue to offer solid long-term price appreciation potential for the aggressive investor.