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Qualcomm ups dividend

SAN DIEGO-Qualcomm Inc. said its board of directors has approved a 43-percent increase in quarterly cash dividend from 7 cents to 10 cents per share of common stock.

“Given Qualcomm’s strong cash position and the favorable tax treatment for dividends in the United States, we currently believe regular dividend payments are an excellent means of providing current returns to stockholders, while reinvesting sufficiently in our core businesses to provide superior long-term capital growth,” said Irwin Jacobs, chairman and chief executive officer of Qualcomm.

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