Qualcomm Announced $4 Billion Shares Buyback Plan

Posted on Mar 7 2012 - 11:27am by Karan Chopra

The cellphone chip supplier Qualcomm announced a new $4 billion share buyback program and hiked its quarterly dividend by 16 percent. The company had 1.72 billion shares outstanding at the end of last year. The new stock buyback plan will replace the company’s existing $3 billion program, which still having $948 million of repurchase authority remaining. The new plan that is coming with $3.5 billion of available authority is having no expiration date.

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