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Qualcomm Increases Cash Dividend and Buyback Program

QUALCOMM, Inc. (NASDAQ:QCOM) shares are slightly higher this morning as a result of the chipmaker increasing its share buyback program by $5 billion to a total of $7.8 billion. In addition, the company also raised its cash dividends to 42 cents a share, which amounted to a 20 percent increase. The increase in cash dividends will be seen by shareholders in the second quarter of this year.