QUALCOMM Is Increasing Its Dividend To US$0.75.
$Qualcomm(QCOM.US$ dividend will be increasing to US$0.75 on 23rd of June. This will take the dividend yield to an attractive 2.2%, providing a nice boost to shareholder returns.
We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. However, QUALCOMM's earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business.
Looking forward, earnings per share is forecast to rise by 12.7% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 26% by next year, which is in a pretty sustainable range.
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