Qualcomm Inc (QCOM) is the world leader in wireless digital communication products. The company’s products or licenses can be found in almost every mobile device produced in the recent years. As a result, the company’s revenue is diverse and robust. The robust business model has proved to be very profitable as mobile devices have seen explosive growth over the past few years. Whether a consumer chooses iPhone or Android, Qualcomm is a common denominator that always gets a cut, and investors who appreciated this for the past few years have been rewarded. The company is a dividend contender having raised dividends for 13 consecutive years, and a 5-yr dividend growth rate of 19.2%. The China debacle has caused a drag on revenue and earnings and the stock is down 16% YTD. The current price provides attractive valuation for long term investors as the future is mobile and Qualcomm leads the way in everything mobile.
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