Qualcomm (NASDAQ: QCOM) continues to share a slice of its profit with its stockholders. The company announced on Wednesday that its next quarterly common stock dividend will be $0.65 per share, to be paid on Dec. 17 to investors of record as of Dec. 3. That matches the previous payout, which was distributed in June. Prior to that, Qualcomm had dispensed $0.62 per share for eight quarters in a row. This was unusual, since the company tended to raise the dividend once every year since initiating it in 2003. Since that time (and adjusted for a 2004 stock split), the payout has risen more or less steadily over the years to the present level. At the latest closing share price, the dividend yields slightly over 2%. Image source: Getty Images. Qualcomm has been a popular stock lately, not least because of the coming widespread rollout of 5G services. These promise ultra-fast speeds and wide "pipes" for mobile device users, resulting in a vast improvement over current standards. The early launches have gone in fits and starts (despite the hype of the major telecom service providers), but it is an important new technology, and the company is well primed for it with its 5G offerings. Meanwhile, the company's business is strong enough to support its dividend. In its most recently reported quarter, its free cash flow stood at over $1.45 billion, nearly twice as much as needed to fund the dividend. Despite the positive news about the continuation of its dividend policy, Qualcomm landed in negative territory on the exchange Thursday. Its stock traded down by 1%, a steeper fall than that of the S&P 500 index on the day. 10 stocks we like better than QualcommWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Qualcomm wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Qualcomm. The Motley Fool has a disclosure policy.Source