Investors caught in the fight for mobile device supremacy between Apple (NASDAQ:AAPL) and Samsung can easily win or lose. It all depends on which company’s product dominate consumer spending with every new product cycle. But the smart investors understand that Qualcomm (NASDAQ:QCOM) will win either way; regardless of who comes out on top. And the company is beginning to reward investors for their intelligence.
It pays to be smart
Last week, Qualcomm announced a immediate 40% hike in its quarterly dividend in addition to a $5 billion stock buyback, which replaces the prior $4 billion program. The company said that the dividend will increase from $0.25 to $0.35 per share of common stock and will be effective for quarterly dividends payable after March 27, 2013. This means that the annualized dividend payout is raised to $1.40 per share of common stock.
However, following the news, Qualcomm was removed from Goldman Sachs‘s (NYSE:GS) “conviction list.” Analyst, Simona Jankowski said that the removal was on the premise that Qualcomm’s market share is likely to have peaked…
Original article was written by me and published on The Motley Fool. Please Continue reading here >>>
Disclosure: At the time of publication, Richard held no positions in the companies mentioned.
