Qualcomm: new 10-billion-dollar share buyback
(CercleFinance.com) - Qualcomm said on Wednesday its board of directors has approved, effective immediately, a new 10-billion-dollar share repurchase program.
Qualcomm's share buyback replaces the previous 15-billion-dollar stock repurchase program announced in March 2015, which had 1.2 billion dollars remaining, the mobile chip designer said.
The new stock repurchase authorisation has no expiration date.
In a statement, Qualcomm said it has returned more than 60 billion dollars to its shareholders through stock repurchases and cash dividends since 2003.
Its Nasdaq-listed shares rose 2.2% at 54.3 dollars in early-morning trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Qualcomm's share buyback replaces the previous 15-billion-dollar stock repurchase program announced in March 2015, which had 1.2 billion dollars remaining, the mobile chip designer said.
The new stock repurchase authorisation has no expiration date.
In a statement, Qualcomm said it has returned more than 60 billion dollars to its shareholders through stock repurchases and cash dividends since 2003.
Its Nasdaq-listed shares rose 2.2% at 54.3 dollars in early-morning trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.