Shareholder distribution via buybacks and dividends has become an order of the business in recent times. In 4Q15, quarterly dividend payments of the S&P 500 were $104 billion, up 3.6% year over year, representing ‘the second largest dividend total in at least 10 years’, as per factset. The trend seems strong this year too, as many companies are boosting their shareholders’ wealth. Qualcomm is one such company. On April 8, Qualcomm Inc. (QCOM) announced its decision to hike its quarterly dividend by about 10% to $0.53 from $0.48 paid previously. This equates to an annualized payout of $2.12 per share. The increased dividend will be paid on June 22, 2016 to stockholders of record as of June 1, 2016. This brings the forward annual dividend yield to 4.05% as of April 13, 2016. Market and ETF Impact Following the announcement, Qualcomm’s share price jumped 2.6% in the last five trading sessions (As of April 13, 2016). Many ETFs, with heavy exposure to this semiconductor giant, should also benefit from Qualcomm’s action. Qualcomm has a decent exposure (at least 5%) in funds like iShares PHLX Semiconductor ETF (SOXX) and Market Vectors Semiconductor ETF (SMH). The duo also added moderate gains of about 1% each in the last five trading days (as of April 13, 2016) (read: Will Semiconductor ETFs See a Brighter 2016?). Notably, QCOM has a Zacks ETF Rank #4 (Sell) at the time of writing while SOXX has a Zacks ETF Rank #1 (Strong Buy) and SMH has a Zacks ETF Rank #2 (Buy). Given this, the fund approach is the best way to play this good news for the time being. Afterall, the ETF approach covers up one component’s weakness by another component’s strength and runs lesser risk. We have detailed the duo in below (see all technology ETFs here): SOXX in Focus This iShares ETF is based on U.S.-listed semiconductor stocks. The in-focus Qualcomm takes up the fifth spot in its 30-securities basket with about 7.23% of exposure. The fund has amassed about $409.3 million in assets. Its expense ratio is 0.48% (read: Time to Buy This Top Ranked Semiconductor ETF?). SMH in Focus This is one of the popular and liquid ETFs in the semiconductor space with AUM of $224.7 million and average daily volume of roughly 2.9 million shares. The fund provides exposure to 26 global securities. The in-focus Qualcomm occupies the third position with 7.25% of assets. While U.S. firms dominate the fund holdings at 66.7% of assets, Taiwan (13.2%), the Netherlands (9.6 %) and Singapore (5.3%) round off to the top four in terms of country exposure. The fund charges 35 bps in fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM INC (QCOM): Free Stock Analysis Report ISHARS-PHLX SEM (SOXX): ETF Research Reports MKT VEC-SEMICON (SMH): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report