Qualcomm (QCOM) recently handed investors a massive vote of confidence as the chipmaker’s board approved a $20 billion stock repurchase authorization program. That's in addition to the roughly $2.1 billion remaining from a buyback program announced in November 2024. The new program has no expiration date. The board also raised the quarterly dividend from $0.89 to $0.92 per share, effective for dividends payable after March 26. That brings the annualized payout to $3.68 per share, which translates to a yi ...