Dividend Increase – Qualcomm Incorporated (QCOM)

Friday, March 9 the Board of Directors of Qualcomm Incorporated announced a quarterly dividend increase. The quarterly cash dividend will increase from $0.57 to $0.62 per share of common stock and will be effective for quarterly dividends payable after March 2, 2018.This represents a 8.77% increase to regular quarterly dividends. With current price $ 63.03 (Friday's close), this raise brings their dividend yield to 3.94%.

Steve Mollenkopf, CEO of Qualcomm Incorporated, said, “We are pleased to announce an increase in our quarterly dividend, a reflection of our commitment to returning capital to stockholders. We look forward to closing the pending acquisition of NXP and expect the strong combined cash profile of Qualcomm and NXP to further strengthen our foundation for future capital returns for our stockholders.”

Since I own 25 shares of QCOM, this will increase my portfolio's projected annual net dividend income by $ 3.73.

That increase rises my YOC to 4.74%. 

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You can follow the development of my dividends here.

Full Disclosure: Long QCOM

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