Qualcomm Incorporated (NASDAQ:QCOM) Shareholders to Receive $0.92 Quarterly Dividend

Key Points

• Qualcomm declared a quarterly dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The dividend equates to $3.68 annually and a 2.1% yield.
• Qualcomm has increased its dividend for 23 consecutive years, with a current earnings payout ratio of 30.7%; analysts expect future earnings to continue covering the dividend.
• The company’s latest quarterly revenue of $9.95 billion exceeded estimates, though EPS of $2.21 slightly missed expectations and revenue declined 4% year over year. Institutional investors own approximately 74.35% of Qualcomm’s shares.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, December 3rd will be given a dividend of $0.92 per share by the wireless technology company on Thursday, December 17th. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 3rd.

Qualcomm has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Qualcomm has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Qualcomm to earn $7.15 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 51.5%.

Qualcomm Price Performance

NASDAQ QCOM traded up $2.25 during trading hours on Wednesday, reaching $177.96. The company's stock had a trading volume of 7,195,506 shares, compared to its average volume of 15,165,119. The stock has a market cap of $190.03 billion, a PE ratio of 20.60, a PEG ratio of 3.91 and a beta of 1.65. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company's 50-day moving average is $175.51 and its two-hundred day moving average is $180.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 EPS. The business's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm will post 7.74 EPS for the current year.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann C. Chaplin sold 1,827 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $174.75, for a total transaction of $319,268.25. Following the transaction, the executive vice president directly owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. Corporate insiders own 0.05% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Albion Financial Group UT grew its stake in shares of Qualcomm by 0.4% in the third quarter. Albion Financial Group UT now owns 43,760 shares of the wireless technology company's stock worth $8,054,000 after acquiring an additional 168 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in Qualcomm by 0.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 16,673 shares of the wireless technology company's stock valued at $3,069,000 after acquiring an additional 69 shares in the last quarter. Sawyer & Company Inc bought a new position in Qualcomm in the third quarter worth $2,403,000. Sowell Financial Services LLC boosted its position in shares of Qualcomm by 4.1% during the 3rd quarter. Sowell Financial Services LLC now owns 30,606 shares of the wireless technology company's stock valued at $5,633,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Qualcomm by 6.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 24,213 shares of the wireless technology company's stock valued at $4,282,000 after purchasing an additional 1,368 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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