Published on 25 May 2024 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About QUALCOMM's (NASDAQ:QCOM) Upcoming US$0.85 Dividend

QUALCOMM Incorporated (NASDAQ:QCOM) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase QUALCOMM's shares before the 30th of May in order to receive the dividend, which the company will pay on the 20th of June.

The company's upcoming dividend is US$0.85 a share, following on from the last 12 months, when the company distributed a total of US$3.40 per share to shareholders. Based on the last year's worth of payments, QUALCOMM has a trailing yield of 1.6% on the current stock price of US$210.36. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.