Qualcomm Declares Dividend; Yield Is 2%

Qualcomm (NASDAQ: QCOM) continues to share a slice of its profit with its stockholders. The company announced on Wednesday that its next quarterly common stock dividend will be $0.65 per share, to be paid on Dec. 17 to investors of record as of Dec. 3.

That matches the previous payout, which was distributed in June. Prior to that, Qualcomm had dispensed $0.62 per share for eight quarters in a row. This was unusual, since the company tended to raise the dividend once every year since initiating it in 2003. Since that time (and adjusted for a 2004 stock split), the payout has risen more or less steadily over the years to the present level.

At the latest closing share price, the dividend yields slightly over 2%.

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Source Fool.com