SAN DIEGO-Qualcomm Inc. said it has declared a two-for-one stock split and approved a 40-percent increase in the company’s quarterly cash dividend.
The dividend, which will be payable Sept. 24, will rise from 10 cents to 14 cents per share of common stock, pre-split, or from 5 cents to 7 cents, post-split.
“The successful growth and worldwide adoption of CDMA technology has significantly increased the cash flow and earnings of Qualcomm,” said Irwin Mark Jacobs, chairman of the company.
