Broadcom's Dividend Has Grown About 90-Fold Since 2010. Its Next Raise Usually Comes in December.
Yahoo Finance ·
When Avago Technologies declared its first dividend in December 2010, it was 7 cents a share. Avago then took the name Broadcom ( AVGO -0.92% ) , and after the company's 10-for-1 stock split in 2024, the first payout comes out to under a penny. Now, the quarterly dividend is $0.65 a share -- more than 90 times the first check. The yield doesn't look like much. At around $350 as I write, shares yield about 0.7% on the $2.60 annual payout. But investors who buy stocks for growing income usually care about two other things: how fast the dividend climbs and how easily the company covers it. Broadcom has a solid answer to the first, with 15 straight years of raises. And I think its answer to the second is improving.
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