Uncovering Dividend Opportunities with NASDAQ:QCOM.

Our stock screening tool has identified QUALCOMM INC (NASDAQ:QCOM) as a strong dividend contender with robust fundamentals. NASDAQ:QCOM exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

Dividend Insights: NASDAQ:QCOM

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NASDAQ:QCOM earns a 7 out of 10:

• QCOM's Dividend Yield is rather good when compared to the industry average which is at 2.38. QCOM pays more dividend than 90.74% of the companies in the same industry.
• QCOM has been paying a dividend for at least 10 years, so it has a reliable track record.
• QCOM has not decreased their dividend for at least 10 years, which is a reliable track record.
• QCOM pays out 36.35% of its income as dividend. This is a sustainable payout ratio.
• The dividend of QCOM is growing, but earnings are growing more, so the dividend growth is sustainable.

Exploring NASDAQ:QCOM's Health

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:QCOM, the assigned 7 reflects its health status:

• QCOM has an Altman-Z score of 6.04. This indicates that QCOM is financially healthy and has little risk of bankruptcy at the moment.
• QCOM's Altman-Z score of 6.04 is fine compared to the rest of the industry. QCOM outperforms 64.81% of its industry peers.
• The Debt to FCF ratio of QCOM is 1.31, which is an excellent value as it means it would take QCOM, only 1.31 years of fcf income to pay off all of its debts.
• Looking at the Debt to FCF ratio, with a value of 1.31, QCOM is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
• Even though the debt/equity ratio score it not favorable for QCOM, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
• QCOM has a Current Ratio of 2.40. This indicates that QCOM is financially healthy and has no problem in meeting its short term obligations.

Assessing Profitability for NASDAQ:QCOM

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:QCOM, the assigned 9 is noteworthy for profitability:

• With an excellent Return On Assets value of 18.39%, QCOM belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
• QCOM has a Return On Equity of 38.60%. This is amongst the best in the industry. QCOM outperforms 94.44% of its industry peers.
• QCOM has a better Return On Invested Capital (18.14%) than 91.67% of its industry peers.
• QCOM had an Average Return On Invested Capital over the past 3 years of 21.90%. This is significantly above the industry average of 11.23%.
• QCOM has a Profit Margin of 26.03%. This is amongst the best in the industry. QCOM outperforms 87.96% of its industry peers.
• QCOM's Profit Margin has improved in the last couple of years.
• QCOM's Operating Margin of 26.32% is amongst the best of the industry. QCOM outperforms 85.19% of its industry peers.
• In the last couple of years the Operating Margin of QCOM has grown nicely.
• QCOM has a Gross Margin of 56.22%. This is in the better half of the industry: QCOM outperforms 77.78% of its industry peers.

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Check the latest full fundamental report of QCOM for a complete fundamental analysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.