By Colin KellaherQualcomm's board has raised the chip maker's quarterly dividend by 6.3%, to 85 cents a share from 80 cents. The new payout, equal to $3.40 a year, represents an annual yield of about 2.04% based on Monday's closing price of $166.56, up from 1.92%. The San Diego company on Tuesday said the increase is effective for dividends payable after March 21. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones Newswires03-05-24 0922ET

Source: Wall Street Journal March 05, 2024 14:23 UTC