QCOM April Dividend Strategy Outlook

DividendWave
03-09

$Qualcomm(QCOM)$ April should see a dividend increase announcement

Last year 6% increase

Past 4 years 4% CAGR

Interesting to see the approach double digit increase? - and signal confidence on FCF

or

keep ~7% increase and buyback shares more aggressively vs previous years

ImageImage

QCOM has ramped-up buybacks using this FCF improvement

1Q´25 saw more than doubling of buybacks vs 1Q the year prior and the average per quarter over the past 4 years

The company has an open buyback authorization of $14.3 B (~8% of current mkt cap. $178 B)

ImageImage

QCOM FCF / share

FY24 delivered

» record FCF/share +14% YoY

» record Operating Cash flow +8% YoY

» Capex reduction -28% YoY

» FCF +14% YoY

» Shares ~flat

1Q´25 FCF kept improving +58% YoY

ImageImage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
21