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Barchart
Barchart
Aditya Raghunath

A $20 Billion Reason to Buy Qualcomm Stock Now

Qualcomm QCOM Cristiano Amon

Qualcomm (QCOM) recently handed investors a massive vote of confidence as the chipmaker’s board approved a $20 billion stock repurchase authorization program. That's in addition to the roughly $2.1 billion remaining from a buyback program announced in November 2024. The new program has no expiration date.

The board also raised the quarterly dividend from $0.89 to $0.92 per share, effective for dividends payable after March 26. That brings the annualized payout to $3.68 per share, which translates to a yield of 2.8%. 

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