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ernie44

11/15/22 3:16 PM

#24603 RE: DiscoverGold #24602

Qualcomm (QCOM) reported positive free cash flow and made large return of capital payments to shareholders in the year ending Sept. 25. Its high total yield, composed of buybacks and dividends, in Q4 represented almost 3.92% of its total market value on an annualized basis. That bodes well for QCOM stock going forward.

The mobile telecom chip company reported that it made $841 million in dividend payments as well as $500 million in share buybacks or $1.341 billion during its fiscal Q4. On an annualized basis that works out to 3.94% of its $136 billion market value.

In fact, in the last year alone the company has made $6.34 billion in total shareholder return payments, representing 4.66% of its $136 billion market cap.