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Qualcomm to pay its shareholders a dividend of $0.35 per share

Qualcomm shareholders will see a $0.35 per share dividend in september

Charles Gantt | Jul 17, 2013 at 12:28 pm CDT (0 mins, 58 secs reading time)

If you own stock in QUALCOMM Incorporated, today is a very good day for you. The company announced this morning that it will be paying a quarterly cash dividend of $0.35 per common share which will be payable on September 25, 2013. This dividend comes after record-breaking quarters for the company as the mobile devices market continues unprecedented growth in all sectors.

Qualcomm to pay its shareholders a dividend of $0.35 per share | TweakTown.com

During the second quarter of 2013, QUALCOMM amassed $6.12 billion in revenue which is up 24 percent over the same period in 2012. Of that $6.12 billion, $1.87 billion accounted for net income which was actually down 16 percent year-over-year. Operating cash flow came in around $2.2 billion which was up 17 percent year-over-year. Second-quarter operating income was around $1.88 billion which is said to be up 24 percent year-over-year.

"We delivered another strong quarter as the worldwide adoption of smartphones continues," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, we are seeing strong traction with our new Qualcomm Snapdragon 600 and 800 processors, and we continue to expect healthy growth in 3G and 3G/4G multimode devices around the world. We are pleased to be raising our calendar 2013 3G/4G device shipment estimates and our revenue and earnings guidance for fiscal 2013."

Last updated: Nov 30, -0001 at 12:00 am CST

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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