Wednesday, April 22, 2015
Recent Buy: Qualcomm Inc
Qualcomm Inc (NASDAQ:QCOM) designs, manufactures and markets digital communication products and services based on the company's CDMA digital technology. The company's products consist of integrated circuits and system software used in voice and data communications, networking, application processing, multimedia, and global positioning system products. QCOM was founded in 1985 and is headquartered in San Diego, California.
QCOM is the Information Technology sector winner and 2nd ranked stock in the April 2015 edition of my 10 Dividend Growth Stocks article series. The company has a 13-year streak of consecutive dividend increases and pays quarterly dividends of 48¢ per share in the months of March, June, September and December.
My buy price of $68.01 results in an initial yield on cost (YoC) of 2.82%. To see my analysis of QCOM and the reasons I bought shares, please read this Seeking Alpha article.