LONDON, UK / ACCESSWIRE / May 25, 2017 / Active Wall St. announces its dividend coverage for QUALCOMM Inc. (NASDAQ: QCOM) as the Company will begin trading ex-dividend on May 26, 2017. In order to qualify for a dividend check, investors must own the stock on or before May 25, 2017, which is the last day the Company's management will finalize its roster of shareholders who are eligible for dividend payment. Register with us now for your free membership at:

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Dividend Declared

On April 12, 2017, Qualcomm announced a quarterly cash dividend of $0.57 per common share, payable on June 21, 2017, to stockholders of record at the close of business on May 31, 2017. The new dividend rate was originally announced at the Company's annual meeting on March 07, 2017, where its Board of Directors approved a 7.5% increase in the Company's quarterly cash dividend. The quarterly cash dividend will increase from $0.53 to $0.57 per share of common stock. This dividend increase will raise the annualized dividend pay-out to $2.28 per share of common stock.

Steve Mollenkopf, CEO of Qualcomm Inc., said:

"We are pleased to announce an increase in our quarterly dividend, a reflection of our commitment to returning capital to stockholders as we continue targeted investments in our technology roadmap. We look forward to closing the pending acquisition of NXP later this calendar year and expect the strong combined cash profile of Qualcomm and NXP to further strengthen our foundation for future capital returns for our stockholders."

At the new rate, Qualcomm's indicated dividend represents a dividend yield of 3.85% against the average dividend yield for the Technology sector of 1.33%. The Company has consistently paid dividend for the past 10 years and has increased its dividend payment annually for the past six consecutive years.

Qualcomm has a dividend pay-out ratio of 60.8% meaning the Company distributes $0.608 for every $1 earned. Analysts expect Qualcomm to report earnings of $4.07 in the coming year, which means the Company should continue to comfortably cover its $2.28 annual dividend.

About the Company

Qualcomm was founded in 1985 and is headquartered in San Diego, California. The Company develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. Qualcomm also develops and offers products for implementation of small cells; mobile health products and services; software products, and content and push-to-talk enablement services to wireless operators; and development, and other services and related products to the United States government agencies and their contractors.

Recent Development for Qualcomm

On May 23, 2017, Qualcomm announced that its subsidiary, Qualcomm Technologies, Inc., plans to commence the first eMTC/NB-IoT/GSM multimode field trials in China, with China Mobile Research Institute (CMRI), and China's leading smart bike sharing company, Mobike.

The field trials' plans contemplate making use of China Mobile's 2G/4G multimode network and Mobike's smart lock, supported by the Qualcomm Technologies' MDM9206 global multimode LTE modem for Internet of Things (IoT) applications. The trial between Qualcomm Technologies, Mobike and CMRI, marks an important step in the effort by leading wireless and consumer services companies to bring the benefits of global multimode LTE for IoT, to millions of users and large number of industrial enterprises.

In addition, the MDM9206 global multimode LTE modem together with Qualcomm Technologies' low-power Bluetooth solution is planned to be used in the smart Mobike Preferred Location (sMPL) platform to support sub-meter level positioning, helping Mobike monitor the real-time location and overall status of its bikes including quantity, position, and traffic information from different regions.

Stock Performance

At the close of trading session on Wednesday, May 24, 2017, QUALCOMM's stock price marginally declined 0.98% to end the day at $58.64. A total volume of 8.62 million shares were exchanged during the session. The Company's share price has rallied 10.64% in the past one month. The Company's shares are trading at a PE ratio of 19.51 and have a dividend yield of 3.89%. The stock currently has a market cap of $86.61 billion.

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