I purchased a new company for my portfolio Qualcomm, Inc. (QCOM).
23 Shares @ $53.25 on 5-3-2017
This will increase my forward 12-months dividend income by $52.44 to a total of $3,546.10
I updated my Portfolio to reflect the change.
QCOM have been having a lot of bad news lately, but that is when the best time to buy a great company. The dividend is safe with a payout ratio of 70.67%. This is a little on the high side but that is ok. QCOM is expected to increase earnings with current PE of 18.12 vs forward PE of 13.19. The dividend yield is currently sitting at a very high level at 4.18% vs the 5-year Avg of 2.44%. Which makes it a great time to buy.
Thanks for reading.
Do you like QCOM at these prices? What have you been buying?
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