Qualcomm Inc. announced a quarterly cash dividend of 62 cents per share on Oct. 23. The dividend will be paid out on Dec. 20 to shareholders of record by the close of business on Dec. 6.
Qualcomm’s (Nasdaq: QCOM) stock jumped from $63.66 at market open on Tuesday to $66.40 after the announcement.
Last quarter, Qualcomm beat expectations with revenues of $5.6 billion and earnings of $1.01 per share. The company plans to repurchase up to $30 billion in stock. Qualcomm will report its fourth quarter earnings on Nov. 7.