Qualcomm Inc (QCOM) announced a dividend increase of 10.42%. The quarterly dividend increases from $0.48 to $0.53 per share and payable after Mar 23, 2016.
Qualcomm is a Dividend Contender and this is the 14th consecutive dividend increase from the company. The annual dividend amount increases from $1.92 to $2.12. Yield going forward is 4%.
From the press release statement:
Steve Mollenkopf, CEO of Qualcomm Incorporated, said, “Over the last several years, we have invested aggressively in our technology roadmap and returned substantial capital to stockholders as part of a balanced capital allocation strategy. The dividend increase announced today reflects both the strength of our ongoing cash flows, as well as our confidence that our investments have created a strong foundation for future earnings growth.”
Our portfolio consists of 75 shares of QCOM, which increases our annual dividends from $144.00 to $159.00, an increase of $15.00.