As previously announced Qualcomm (QCOM) will raise its quarterly dividend by 10.3 percent to $0.75 per share in 2022. This comes after a hike of 4.6 percent to 68 cents per share in 2021 and marks the 19th consecutive year of dividend increases by the technology company. This new dividend hike for 2022 is the biggest by QCOM since 2016.
The next dividend is payable on June 23, 2022, to stockholders of record at the close of business on June 2, 2022. A new annual dividend rate of $3.00 per share yields 2.1% at a stock price of $138.
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.