Image via CrunchBase Income investors know I like companies that pay us money in dividends and Qualcomm, symbol QCOM pays a 1.52 percent dividend yield. The dividend has increased every year for at least five years. If you own QCOM by August 24, 2011 you will receive a $.215 dividend September 23, 2011. QCOM is a solid company with only a .04 D/E ratio (debt to equity ratio.)I bought QCOM for $54.90 today and wrote an October, $60 call for $1.25 per share. If they take my QCOM, my gain is 11.75%. If not I get to keep a very good company and maybe write more calls for more income.
Although QCOM is not technically a dividend machine as it does not yield three percent or greater. However, it has income potential with mitigated risk. This is the kind of trade income investors need to use for additional income.
Very Truly Yours,
TheMoneyMadam
