Qualcomm Stock (QCOM) Jumps on $20B Share Buyback, Dividend Boost

FomoAnxiety · 2026-03-17T14:03:55+00:00

Qualcomm's shares rose over 3% after announcing a $20 billion stock repurchase program and a quarterly dividend increase from $0.89 to $0.92. This follows an existing $2.1 billion buyback authorization.

FomoAnxiety

2026-03-17 14:03:55

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Qualcomm’s QCOM +2.17% ▲ shares rose over 3% on Tuesday morning after the U.S. chipmaker launched a new $20 billion stock repurchase program and raised its quarterly cash dividend.

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The San Diego, California-based company, which is popular for its Snapdragon processors for smartphones, lifted the dividend by over 3%, from $0.89 to $0.92. The new repurchase authorization comes on top of the remaining $2.1 billion from a prior buyback program announced in November 2024.

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