Qualcomm Dividend Payout Is Higher Than Five-Year Average Payout

Qualcomm Incorporated

revealed that its board has declared a quarterly cash dividend of $0.53 per common share. If the dividend is translated into a full year, it worked out to be $2.12 a share. Qualcomm's dividend payout ratio was approximately 65 percent, which was higher than the average 40 percent payout ratio for the five-year period. The company has been boosting its dividend for five straight years. As a result, its average dividend growth pace was 20.43 percent while the three-year growth rate was 21.74 percent. The company fixed August 31 as its record date and that it would pay its quarterly dividend on September 21. The dividend offered 3.90 percent yield, which was higher than the five-year average yield of 2.30 percent. The stock traded 0.91 percent up on Tuesday.