Qualcomm (QCOM) will raise its quarterly dividend by 8.8 percent to $0.57 per share in the second quarter of 2018. This marks the 15th consecutive year of dividend increases by the technology company.

The next dividend is payable on June 20, 2018, to stockholders of record at the close of business on May 30, 2018. The new dividend yield for QCOM is 4.2%.

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.