Tuesday, March 13, 2007

Qualcomm Announces 16.7% Dividend Increase

Qualcomm (QCOM) is not a true dividend growth equity since dividends were just initiated in the first quarter of 2004. However, today the company announced a 16.7% increase in the company's dividend to be paid in the second quarter. The new quarterly dividend will equal 14 cents per share versus 12 cents per share in the same quarter last year. The S&P Earnings and Dividend Ranking is B.

(click on chart for larger image)

Qualcomm stock chart

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