Empowering Shareholders with Growth: Qualcomm Enhances Performance and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
Qualcomm (NASDAQ:QCOM) is set to pay a dividend of $0.80 per share on September 21, 2023, with an annualized dividend yield of 2.60%. The company has shown a steady increase in its dividend per share from $2.48 in 2019 to $2.93 in 2022. Additionally, Qualcomm's earnings per share have also grown from $3.55 to $12.53 during the same period. The company's dividend yield is mid-range compared to its industry peers, with United Microelectronics (NYSE:UMC) having the highest annualized dividend yield at 8.41%.
September 21, 2023 | 3:05 pm
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Qualcomm's increasing dividends and earnings per share indicate a strong financial position, which could potentially attract income-seeking investors and positively impact the stock price.
Companies with increasing dividends and earnings per share are often seen as financially healthy and attractive to investors. This could lead to increased demand for the stock, potentially driving up the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
United Microelectronics has the highest annualized dividend yield in the industry at 8.41%, which could make it attractive to income-seeking investors.
High dividend yields can be attractive to income-seeking investors. If these investors buy the stock, it could potentially drive up the price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50