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New York, NY -- (SBWIRE) -- 03/06/2013 -- StockRunway.com issues special report on active stocks – Qualcomm, Inc (NASDAQ:QCOM), Sprint Nextel Corporation (NYSE:S), JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Apple Inc (NASDAQ:AAPL)
Qualcomm, Inc (NASDAQ:QCOM), the biggest seller of semiconductors for mobile gadgets, lifted its dividend by 40 percent and set up a $5 billion share repurchase scheme plan, rewarding investors after lifting demand for smart phones that operate on its technology spurred sales expansion.
Qualcomm reported in a statement on Tuesday that the quarterly cash dividend will boost to 35 cents from 25 cents per share. New share buyback plan replaces an earlier $4 billion scheme that had $2.5 billion remaining.
Will QCOM Continue To Move Higher? Find Out Here
Qualcomm has returned $19.9 billion to investors since 2003 through a combination of stock buyback and cash dividends. Majority of Qualcomm’s revenue comes from baseband chips, which connect phones to cellular networks, sold to wireless-gadgets makers like Apple Inc (NASDAQ:AAPL), HTC Corp and Samsung Electronics Co.
Sprint Nextel Corporation (NYSE:S) substituted a $2.2 billion revolving line of credit that ends in October with a biggest agreement.
Why Should Investors Buy Sprint Nextel After The Recent Gain? Just Go Here and Find Out
Sprint Nextel, the third- biggest United States mobile-phone service provider, reported in a regulatory filing on Tuesday that JPMorgan Chase & Co (NYSE:JPM) and Citigroup Inc (NYSE:C) arranged the new agreement, which matures in February 2018 and broadens its borrowing capacity by $600 million.
The Overland Park, Kansas- based Sprint Nextel announced Proceeds WILL be used for general corporate purposes. Company’s debt to earnings must not surpass 6.25 times through June 30, 2014 under terms of the credit pact.
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