Are You in Florida for Spring Training? Come meet Globe Sports Writers Nick Cafardo and Peter Abraham! Click for more info.

Market Movers

Chip maker boosts dividend, buybacks

Qualcomm is a leader in 3G, 4G, and next-generation wireless technologies.

Albert Gea/Reuters

Qualcomm is a leader in 3G, 4G, and next-generation wireless technologies.

Qualcomm Inc. advanced after the chip maker — it’s the biggest provider of mobile-phone chips — raised its quarterly dividend to 42 cents from 35 cents per share and added $5 billion to its stock buyback program. Buybacks generally benefit shareholders because they increase the value of remaining shares. The San Diego-based company’s buyback plan now has a total authorization of $7.8 billion. Qualcomm’s market value is about $124.5 billion, according to FactSet.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com