The company’s CEO said:
Our business model continues to generate strong operating cash flows that enable us to invest in and execute on our strategic priorities, while also returning capital to stockholders. Since these programs began in 2003, we have returned $19.9 billion to stockholders through a combination of stock repurchases and cash dividends.
Qualcomm’s shares have been trading near their 52-week high, set late last March. Today’s move may push the stock to a new high.
Shares are up about 2% at $68.00 in premarket trading this morning, in a 52-week range of $53.09 to $68.87.
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