Business

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...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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