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Recent Buy - Stack +1

August 29, 2017

 

I forgot about his purchase at the beginning of August but it is never too late to inform every one of my purchases. Growing my portfolio and holding base is half the fun of the journey. Each purchase sends me closer to financial independence and setting myself up for an incredible financial future.

 

The following information represents key information I utilized in my purchase decision

 

The Purchase Facts:

 

Company Name: Qualcomm Inc

Ticker: QCOM

Purchase Date: August 3, 2017

Purchase Price with Fee: $53.00

Shares Transacted: 40

Total Investment: $2,119.99

 

The Company Dividend Facts:

 

Dividend Per Share (last year): $2.28

Purchase Dividend Yield: 4.30%

Payment Frequency: Quarterly

 

Dividend Stacker Dividend Facts:

 

Purchased in What Account? Roth IRA

Previous Forward 12-Month Dividend: $1,743.86

New Purchase Dividend: $91.20

Account New Forward 12-Month Dividend Total: $1,835.06

 

There seems to be a lot of opportunity in the technology sector right now. Qualcomm has some big events coming up that will dictate its value going forward. One is a settlement with Apple for a patent infringement/licensing agreement and the other is a large acquisition of NXP Semiconductors that has yet to go through. Depending on when these things go through and whether or not they do will impact the share price. I think that Qualcomm is well positioned for the future though.

 

Bottom Line

 

This is my initial position in Qualcomm and I will consider further additions to the holding if it continues to show weakness with the uncertainty of the aforementioned items. August will close without any further purchases from me, but capital positions are growing and I’ll be looking for my next target soon enough.

 

Disclosure: I am long QCOM.

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