Chipmaker Qualcomm Inc. (Nasdaq: QCOM) declared July 12 it would pay stockholders a dividend of 62 cents per share on Sept. 26.
The San Diego-based wireless giant said the quarterly payout would go to shareholders of record as of Sept. 5.
Qualcomm, which has paid dividends since 2003, increased its quarterly issuance by 9 percent earlier this year. Its June 20 payout was the first dividend paid at the higher rate of 62 cents per share rather than 57 cents.
The company last increased its quarterly dividend in April of 2017, raising the payout by 7.5 percent to 57 cents per share from 53 cents per share.
Qualcomm's stock price, which closed at $58.32 on July 12, is essentially unchanged from a year ago.
The company's proposed acquisition of Dutch company NXP Semiconductors NV, which company executives have said would result in at least $500 million in cost synergies, is in limbo pending approval from Chinese regulators. Eight other regulatory bodies have already OK'd the deal.
If the merger doesn't close by July 25 and the companies do not extend the deadline, Qualcomm will be on the hook for a $2 billion breakup fee.
Reach reporter Sarah de Crescenzo at firstname.lastname@example.org