03-30-2014, 04:04 PM
I just looked into QCOM and liked what I found so much that I'm going to start a position next week. Strong recurring revenues, high projected growth, a 20% dividend increase and a commitment to fast dividend growth, a strong cash position and no debt as of Q1/14, low payout ratio, and a reasonable valuation. In their annual meeting they actually said they plan to grow the dividend faster than earnings for several years, so I think now is the time to get in before they become a 3% yielding, slow growth blue chip.