09:22 AM EDT, 03/17/2026 (MT Newswires) -- Qualcomm ( QCOM ) said Tuesday its board of directors approved raising the company's quarterly cash dividend to $0.92 per share from $0.89, and authorized a new $20.0 billion stock repurchase program.

The dividend increase will be effective for dividends payable after March 26 and will raise the annualized dividend payout to $3.68 per share, the company said.

The new stock buyback program is in addition to Qualcomm's ( QCOM ) stock repurchase authorization announced in November 2024 that has about $2.1 billion of repurchase authority remaining, the company said.

Shares of Qualcomm ( QCOM ) were up 2.9% pre-bell Tuesday.