Broadcom Stock Yields Just 0.68%. But the Dividend Has Seen Explosive Growth
A tiny yield is hiding one of the fastest-growing payouts in technology.
Overview
At first glance, Broadcom (NASDAQ: AVGO) hardly looks like a dividend stock. The chip and infrastructure software giant pays $2.60 per share in annual dividends, and with the stock closing Friday at $381.92, that works out to a dividend yield of just 0.68%. Put $10,000 into the stock today, and you collect about $68 a year. Not too exciting.
But a current yield is just a snapshot, and snapshots don't show motion. What the 0.68% hides is a dividend that has been raised for 15 consecutive years and has multiplied nearly 13-fold over the past decade.
Details
While this dividend's astounding growth isn't guaranteed to persist, it speaks to the quality of the underlying business.
Source
Originally published at www.fool.com.