A 4%+ dividend yield is hard to find in the technology
sector, which makes Qualcomm (QCOM) that much more appealing.
Qualcomm stock possesses the rare combination of a high
dividend yield, along with high dividend growth as well.
It recently raised its dividend by 7.5%, which pushed its
dividend yield up to 4.3%.
Qualcomm is a Dividend Achiever, a group of 265 stocks with
10+ years of consecutive dividend increases.
The stock has been dragged down by a negative news flow. It
has lost nearly 20% of its value year-to-date.
But long-term investors should not be swayed.
Qualcomm remains a high-quality company, with a strong industry
position, high free cash flow, and an excellent balance sheet.
Its sagging share price—which has pushed its dividend yield
to 4.3%–could be a great buying opportunity for long-term dividend growth
investors.
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