On Tuesday, March 18th the Board of Directors of QUALCOMM Incorporated (QCOM) announced a quarterly dividend increase of from $0.85 to $0.89 per share. This dividend increase will be effective for quarterly dividends payable after March 27, 2025. This represents a 4.71% increase over the last quarterly dividend.
Cristiano Amon, President and CEO of Qualcomm Incorporated, said, “We are pleased to announce an increase in our quarterly dividend. Given our long-term growth expectations we provided at our 2024 Investor Day, we remain committed to returning capital to stockholders through a balanced capital return policy, including a baseline of anti-dilutive stock repurchases, and an annualized dividend target of low- to mid-single-digit percentage growth.”
At the current price of $156.29 (yesterday's close), this increase will raise QCOM's dividend yield to 2.28%.
QUALCOMM is a Dividend Contenders with a 23 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.3, 7.2, 6.2 and 7.6 (Dividend Champions.xls)
As an owner of 25 shares of QUALCOMM Incorporated, the recent dividend increase adds $2.98 to my projected annual net dividend income.
I was expecting an increase of around 5%, so the increase announced was in line with my expectations.
This recent dividend increase marks the seventh consecutive raise I’ve received from QUALCOMM since I acquired my shares in June 2017. Over this period, QCOM’s quarterly dividend has grown moderately from $0.57 to $0.89 per share, reflecting a 56.1% increase.
The moment of writing, QCOM’s weight of my portfolio is about 0.50% and its share of future annual dividend income is approximately 0.27%.
Following this increase, my yield on cost is 6.80%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long QCOM
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