The Dividend of Qualcomm Stock Is Safe … for Now

Like most semiconductor stocks, Qualcomm (NASDAQ:QCOM) stock has had a wild ride in 2019. The stock plummeted over 30% early in the year. However in the last month, QCOM sAlthough the current growth of Qualcomm has some analysts seeing a rosy future, Qualcomm has a history of giving growth investors a bumpy ride. But one constant of QCOM stock has been its dividend.tock has recovered. And in the last ten days, the stock has closed at, and is settling near, its 52-week high.

Qualcomm has held its dividend steady at 62 cents for the last seven quarters. The company’s dividend yield sits at 2.74%. That reflects the recent surge of Qualcomm stock. As the company’s stock price has increased, the dividend yield of QCOM stock has gone down. While the antitrust case plays out, Qualcomm’s business model and its dividend look safe for the next few quarters. And, for now, analysts seem to be bullish on QCOM stock. Their average price target on Qualcomm is $87.27 with a range of $60-$115. Their average rating on QCOM stock is “buy.”

Source: InvestorPlace

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