Income investors already in Qualcomm, Inc. (QCOM) received a nice surprise this morning when the world’s biggest provider of mobile-phone chips raised its quarterly dividend a full 20 percent to 42 cents per share. At the same time, the company hinted at further increasing shareholder value by reserving the right to buy back an additional $5 billion in shares. This would be in addition to the $2 billion in shares recently repurchased by the San Diego-based company. With Steve Mollenkopf taking over as CEO today and hosting the company’s annual shareholders’ meeting, investors will get a better idea of what lies ahead in 2014. (Note: Qualcomm is a current holding in Chris Versace’s PowerTrend Profits portfolio.)
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