On Tuesday, March 17, 2026, the Board of Directors of QUALCOMM Incorporated (NASDAQ: QCOM) announced a quarterly dividend increase from $0.89 to $0.92 per share. This increase will be effective for quarterly dividends payable after March 26, 2026, raising the annualized dividend to $3.68 per share. This represents a 3.37% increase over the prior quarterly dividend.
Current Dividend Yield and Income Impact
At yesterday’s closing price of $131.59, this increase raises QCOM’s forward dividend yield to approximately 2.80%.
As an owner of 25 shares of QUALCOMM Incorporated, this dividend increase adds $2.24 to my projected annual net dividend income. I was expecting growth of around 5%, so this announcement came in as a slight disappointment.
Long-Term Dividend Growth Track Record
QUALCOMM is a Dividend Contender with a 23-year streak of dividend increases. According to Dividend Champions data, its dividend growth rates are:
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1-year: 5.1%
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3-year: 6.3%
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5-year: 6.5%
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10-year: 6.6%
This recent dividend increase marks the eighth consecutive raise I’ve received since initiating my position in June 2017. Over that time, the quarterly dividend has grown from $0.57 to $0.92 per share—an increase of approximately 61.4%, reflecting solid long-term dividend growth.
At the time of writing, QCOM represents about 0.33% of my portfolio and contributes approximately 0.24% of my projected annual dividend income. Following this increase, my yield on cost stands at 7.03%.
Quick Valuation Take
QUALCOMM appears reasonably valued at current levels. The company continues to benefit from its strong position in mobile chipsets and licensing, although earnings can be somewhat cyclical due to the nature of the semiconductor industry.
Dividend Safety and Outlook
The dividend remains well supported by strong cash flow generation and a manageable payout ratio. While dividend growth has slowed slightly, QUALCOMM still appears capable of delivering mid-single-digit increases over time.
Final Thoughts
This was a somewhat underwhelming dividend increase compared to my expectations, but it continues the company’s solid track record of returning capital to shareholders. QUALCOMM remains a reliable dividend growth holding with a good balance of yield and growth.
Summary of 2026 Dividend Increases / Cuts
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Full Disclosure: Long QCOM
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