Hello again, dividend reapers. Today I wanted to go over the purchase of my newest acquisition into the dividend scythe: Qualcomm Inc (QCOM). I've detailed a description of the company, where it currently stands, and where I was able to make my entrance in the video above. If however you want to read instead of watch, the following is a quick breakdown of the company.
Qualcomm Inc. (QCOM)
Summary: Qualcomm Inc. is a developer, designer, and manufacturer of technology in the United States and other foreign countries (China, South Korea, Taiwan).
Current Price: $57.06/share
EPS: 3.28
P/E Ratio: 17.41x
Annual dividend: $2.12/3.71%
Ex Dividend Date: 2/27/2017
Historical Data (average of last 5 yrs):
EPS: UP 7.09%
Revenue: UP 9.51%
Dividend: UP 20.05%
Margin and Debt:
Profit Margin: 20.56%
Current Debt: 11.68B
Total Cash: 10.81B
SUMMARY OF PURCHASE:
PURCHASED: 29 shares @ 56.69/share
Annual Dividends Added to the Dividend Scythe: $61.48
New Total Annual Projected: $742.31
Thanks for sharing your recent pick up. QCOM is trading at much more attractive levels compared to late last year. I can understand why you went with this name.
ReplyDeleteI definitely considered it a great buy :)
DeleteQCOM has a nice history of earning and dividend raises. Looks like you also picked it up just in time for the Feb 27th Ex-Dividend. That is always a plus!
ReplyDeleteThanks for sharing. BTW, hope you don't mind...we've added this to our Collection of Recent Buys! ;)
Best wishes and continued success on your journey! AFFJ
Yes indeed :) had to get into that window! Also, thanks for promoting the blog. I always appreciate it!
DeleteQCOM seems like an attractive valuation but are you worried about all the lawsuits and how that may impact their licensing revenue?
ReplyDeleteWhen you work in corporate America, you seem to go nose blind to lawsuits. There absolutely everywhere.
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