QCOMQUALCOMM IncorporatedStock — Technology
Yield
2.09%
$0.92/qtr at $175.91
Dividend
$0.92/qtr
Raised Mar. 2026, from $0.89
Payout ratio
43%
Trailing basis
Pays
Quarterly
22 years of increases
House verdict
Covered, compounding — chip cash, low payout. A 2.09% yield on $0.92 a quarter, raised in March 2026 from $0.89 to a $3.68 annualized rate, is covered at about a 43% trailing payout, with a $20 billion buyback authorization alongside it. The yield is modest; the cover and the raise streak are the point.
Key risk: Smartphone concentration — handset demand softness or a licensing dispute hits the chip and licensing engines at once.
Changes if: The payout pushes well past about 43% on falling earnings, or the raise streak breaks.
- ✓Payout-coverage check: About 43% trailing — the $3.68 indicated dividend is well covered by earnings, leaving most profit retained or returned via buybacks.
- ✓Yield check: 2.09% indicated — $0.92/qtr × 4 at the $175.91 close on Oct. 23, 2026. Ordinary cash dividend, not a special.
- ✓Dividend growth check: 22 years of increases; the latest raise, in March 2026, lifted the quarterly dividend from $0.89 to $0.92.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.