US chip maker Qualcomm will buy back up to 15 billion dollars of its own shares, the company said late Monday.
It had decided on the "major increase" in the company's capital return programme "to deliver value for stockholders," after the stock fell 5 per cent over the past 12 months.
The share price rose 3 per cent when the move was announced after the close of trading.
The board also approved a 14-per-cent increase in its cash dividend, to an annualized 1.92 dollars per share.
"Our business continues to generate substantial operating cash flow, and today's announcement represents an important step in returning that cash to our owners," chief executive Steve Mollenkopf said.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor