Broadcom's Dividend Has Grown About 90-Fold Since 2010. Its Next Raise Usually Comes in December.
The yield is under 1%. But the cash behind the payout has been growing far faster than the payout itself.
Overview
When Avago Technologies declared its first dividend in December 2010, it was 7 cents a share. Avago then took the name Broadcom (NASDAQ:AVGO), 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.
Details
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.
Source
Originally published at www.fool.com.
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