Why QUALCOMM (QCOM) Belongs in a Dividend Stock Portfolio for Steady Income

QUALCOMM Incorporated (NASDAQ:QCOM) is included among the Best Stocks for a Dividend Stock Portfolio.

QUALCOMM Incorporated (NASDAQ:QCOM), headquartered in California, is a global leader in semiconductors, software, and services tied to wireless communications. The company has become increasingly attractive to dividend-focused investors, thanks to its ability to balance innovation with consistent income generation.

Once a dominant name in the chip industry throughout the 2000s and 2010s, QUALCOMM Incorporated (NASDAQ:QCOM) gained prominence by fueling the smartphone revolution. While the smartphone sector has since matured and slowed in growth, the rollout of 5G networks gave the company a renewed boost.

In recent years, QUALCOMM Incorporated (NASDAQ:QCOM) has broadened its scope beyond mobile phones. Its portfolio now includes components for network infrastructure, industrial equipment, smart home devices, virtual reality systems, and a rapidly expanding automotive technology division, adding further strength to its long-term growth prospects.

Moreover, the diverse revenue streams have also supported QUALCOMM Incorporated (NASDAQ:QCOM)’s dividends over the years. The company’s dividend growth streak spans 21 years, which makes it one of the best stocks for a dividend stock portfolio. Currently, it offers a quarterly dividend of $0.89 per share and has a dividend yield of 2.14%, as of September 18.

While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.