SAN DIEGO, March 10, 2020 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced that its Board of
Directors has approved a 5 percent increase in the Company's
quarterly cash dividend. The quarterly cash dividend will increase
from $0.62 to $0.65 per share of common stock and will be
effective for quarterly dividends payable after March 26, 2020. This dividend increase will raise
the annualized dividend payout to $2.60 per share of common stock.
Steve Mollenkopf, CEO of Qualcomm
Incorporated, said, "We are pleased to announce an increase in our
quarterly dividend, reflecting our continued commitment to
returning capital to stockholders."
About Qualcomm
Qualcomm is the world's leading wireless technology innovator
and the driving force behind the development, launch, and expansion
of 5G. When we connected the phone to the internet, the
mobile revolution was born. Today, our foundational
technologies enable the mobile ecosystem and are found in every 3G,
4G and 5G smartphone. We bring the benefits of mobile to new
industries, including automotive, the internet of things, and
computing, and are leading the way to a world where everything and
everyone can communicate and interact seamlessly.
Qualcomm Incorporated includes our licensing business, QTL, and
the vast majority of our patent portfolio. Qualcomm Technologies,
Inc., a subsidiary of Qualcomm Incorporated, operates, along with
its subsidiaries, substantially all of our engineering, research
and development functions, and substantially all of our products
and services businesses, including our QCT semiconductor
business. For more information, visit www.qualcomm.com.
Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained herein, this
news release contains forward-looking statements that are
inherently subject to risks and uncertainties, including but not
limited to statements regarding future dividend payments and our
commitment to returning capital to stockholders. Forward-looking
statements are generally identified by words such as "estimates,"
"guidance," "expects," "anticipates," "intends," "plans,"
"believes," "seeks" and similar expressions. Actual results may
differ materially from those referred to in the forward-looking
statements due to a number of important factors, including but not
limited to: our ability to generate sufficient cash flow to enable
us to continue to pay dividends; commercial network deployments,
expansions and upgrades of CDMA, OFDMA and other communications
technologies, our customers' and licensees' sales of products and
services based on these technologies and our customers' demand for
our products and services; competition in an environment of rapid
technological change; our dependence on a small number of customers
and licensees, which increasingly includes a small number of
Chinese OEMs; our dependence on the premium-tier device segment;
attacks on our licensing business model, including current and
future legal proceedings and governmental investigations and
proceedings, including potential adverse outcomes relating to the
Federal Trade Commission lawsuit against us, and actions of
quasi-governmental bodies and standards and industry organizations;
potential changes in our patent licensing practices, whether due to
governmental investigations, private legal proceedings challenging
those practices, or otherwise; the difficulties in enforcing and
protecting our intellectual property rights; our ability to extend
our technologies, products and services into new and expanded
product areas and adjacent industry segments and applications
outside of traditional cellular industries; risks associated with
the operation and control of our manufacturing facilities; the
continued and future success of our licensing programs, which
requires us to continue to evolve our patent portfolio, and which
may be impacted by the proliferation of devices in new industry
segments, and the need to renew or renegotiate license agreements
that are expiring; our dependence on a limited number of
third-party suppliers; claims by third parties that we infringe
their intellectual property; strategic acquisitions, transactions
and investments and our ability to consummate planned strategic
acquisitions; our compliance with laws, regulations, policies and
standards; our use of open source software; the cyclical nature of
the semiconductor industry, and our stock price and earnings
volatility; our indebtedness and our significant stock repurchase
program; security breaches of our information technology systems or
other misappropriation of our technology, intellectual property or
other proprietary or confidential information; potential tax
liabilities; global, regional or local economic conditions or
political actions that impact the industries in which we operate;
our ability to attract and retain qualified employees; foreign
currency fluctuations; and failures in our products or in the
products of our customers or licensees, including those resulting
from security vulnerabilities, defects or errors. These and other
risks are set forth in our Quarterly Report on Form 10-Q for the
fiscal quarter ended December 29,
2019 filed with the SEC. Our reports filed with the SEC are
available on our website at www.qualcomm.com. We undertake no
obligation to update, or continue to provide information with
respect to, any forward-looking statement or risk factor, whether
as a result of new information, future events or otherwise.
Qualcomm is a registered trademark of Qualcomm
Incorporated. All other trademarks are the property of their
respective owners.
Qualcomm Contact:
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
View original
content:http://www.prnewswire.com/news-releases/qualcomm-increases-quarterly-dividend-by-5-percent-301020577.html
SOURCE Qualcomm Incorporated