Qualcomm (QCOM) will raise its quarterly dividend by 7.5 percent to $0.57 per share in 2017. This marks the 14th consecutive year of annual dividend increases by the technology company.
The increased dividend is payable June 21, 2017, to stockholders of record at the close of business on May 31, 2017. The ex-date for the next dividend is May 26, 2017.
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.