Qualcomm Incorporated ( QCOM ) shares settled higher during Friday's session.

Qualcomm ( QCOM ) bagged a key win in its legal battle against semiconductor design company Arm Holdings plc ( ARM ) . A federal jury in Delaware ruled that Qualcomm ( QCOM ) did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California headquartered chipmaker.

With the recent buzz around Qualcomm ( QCOM ), some investors may be eyeing potential gains from the company's dividends, too. As of now, Qualcomm ( QCOM ) offers an annual dividend yield of 2.22%, which is a quarterly dividend amount of 85 cents per share ($3.40 a year).

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

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To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $269,851 or around 1,765 shares. For a more modest $100 per month or $1,200 per year, you would need $53,970 or around 353 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.40 in this case). So, $6,000 / $3.40 = 1,765 ($500 per month), and $1,200 / $3.40 = 353 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

QCOM Price Action: Shares of Qualcomm ( QCOM ) gained 1.7% to close at $152.89 on Friday. The company’s stock gained another 1.9% in after-hours trading.

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