Thursday, February 23, 2017

Wealth: Stock Purchase



Hello again, dividend reapers. Today I wanted to go over the purchase of my newest acquisition into the dividend scythe: Qualcomm Inc (QCOM). I've detailed a description of the company, where it currently stands, and where I was able to make my entrance in the video above. If however you want to read instead of watch, the following is a quick breakdown of the company.




Qualcomm Inc. (QCOM)
Summary: Qualcomm Inc. is a developer, designer, and manufacturer of technology in the United States and other foreign countries (China, South Korea, Taiwan). 

Current Price: $57.06/share
EPS: 3.28
P/E Ratio: 17.41x
Annual dividend: $2.12/3.71%
Ex Dividend Date: 2/27/2017

Historical Data (average of last 5 yrs):
EPS: UP 7.09%
Revenue: UP 9.51%
Dividend: UP 20.05%

Margin and Debt:
Profit Margin: 20.56%
Current Debt: 11.68B
Total Cash: 10.81B

SUMMARY OF PURCHASE:

PURCHASED: 29 shares @ 56.69/share
Annual Dividends Added to the Dividend Scythe: $61.48
New Total Annual Projected: $742.31



6 comments:

  1. Thanks for sharing your recent pick up. QCOM is trading at much more attractive levels compared to late last year. I can understand why you went with this name.

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    1. I definitely considered it a great buy :)

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  2. QCOM has a nice history of earning and dividend raises. Looks like you also picked it up just in time for the Feb 27th Ex-Dividend. That is always a plus!

    Thanks for sharing. BTW, hope you don't mind...we've added this to our Collection of Recent Buys! ;)

    Best wishes and continued success on your journey! AFFJ

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    1. Yes indeed :) had to get into that window! Also, thanks for promoting the blog. I always appreciate it!

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  3. QCOM seems like an attractive valuation but are you worried about all the lawsuits and how that may impact their licensing revenue?

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    Replies
    1. When you work in corporate America, you seem to go nose blind to lawsuits. There absolutely everywhere.

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