Yesterday, Qualcomm Inc. (NASDAQ:QCOM) announced that its board of directors has approved a 16% hike in dividend rate effective immediately. Quarterly dividend rate moved up to 25 cents per share from 21.5 cents per share. Annualized dividend rate will be $1 per share. In addition, the board also authorized a new $4 billion share buyback program. The new stock repurchase program will replace the company’s existing $3 billion program, which had approximately $948 million of repurchase authority … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards