More shareholder payouts are on the line from Qualcomm (NASDAQ:QCOM). The company has declared a quarterly common stock distribution of $0.35 per share, to be handed out on September 25 to shareholders of record as of September 4. That amount matches the firm's previous disbursement, which was paid late last month. Prior to that, Qualcomm dispensed $0.25 per share.
The company has been a consistent dividend payer for over a decade. Its payout has climbed steadily over that time, from $0.05 per share to the present level.
The just-declared dividend annualizes to $1.40 per share. That yields 2.2% at Qualcomm's current stock price of $62.64.
Fool contributor Eric Volkman has no position in Qualcomm. The Motley Fool owns shares of Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.