Qualcomm ups dividend 10%

Qualcomm Inc.´s (Nasdaq: QCOM) board of directors has approved a 10 percent increase in the company´s quarterly cash dividend, the company said.

The quarterly cash dividend will increase from USD0.48 to USD0.53 per share of common stock and will be effective for quarterly dividends payable after March 23, 2016. This dividend increase will raise the annualized dividend payout to USD2.12 per share of common stock.

Qualcomm provides 3G, 4G and next-generation wireless technologies.