Tech Five: Qualcomm jumps off dividend boost

A dividend hike by Qualcomm is fueling a bump in its stock price early Tuesday. Let's take a look at the technology stocks to watch:

Qualcomm. Shares of the chip maker are up more than 2% in pre-market trading after announcing a 14% bump in its annualized dividend. The company also plans to repurchase $10 billion in stock within 12 months. "Our business continues to generate substantial operating cash flow, and today's announcement represents an important step in returning that cash to our owners while still preserving the strategic flexibility needed to drive stockholder value through growth," said Qualcomm CEO Steve Mollenkopf in a statement.

Apple. The tech giant will launch its Apple Watch on April 24, with preorders for the device kicking off April 10. Meanwhile, HBO announced during the event that it launches its standalone subscription service HBO Now next month, with Apple TV as the exclusive home. The news sent Netflix shares tumbling Monday. As of this morning, Netflix shares dipped 1%.

Hewlett-Packard. UBS upgraded the personal computer maker's stock to "buy," reports CNBC. Last week, HP announced it would acquire networking company Aruba Networks for $2.7 billion.

Facebook. The social network will shut down the service FriendFeed, reports Re/code. Posts, messages and photos from FriendFeed -- scooped up by Facebook in 2009 -- will be available for another month.

Google. The tech giant rolled out the latest version of its Android operating system, codenamed Lollipop. Key features include high-definition voice and improved device protection if your phone is lost or stolen.

Follow Brett Molina on Twitter: @brettmolina23.