Qualcomm (QCOM) increased its quarterly dividend by 6.25%, from 80¢ to 85¢ per share.
The dividend increase will be effective for quarterly dividends payable after March 21, 2024.
QCOM's contribution to DivGro's projected annual dividend income will increase by $20 to $340.
I own 100 shares of QCOM at an average cost basis of $109.75 per share. Following this increase, my yield on cost is 3.10%. (QCOM's forward yield is 1.98% at $172.12 per share).
QCOM became DivGro's 26th Home Run stock in November 2020, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Calendar Year
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.480 | $2.570 | $2.720 | $2.930 | $3.150 | ⬆ | $3.350 |
| 2.06% | 3.63% | 5.84% | 7.72% | 7.51% | ⬇ | 6.35% |
| 5-year DGR: | 5.33% | ⬆ | 6.20% | |||
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