If You'd Invested $1,000 in Broadcom's 2009 IPO, Here's How Much You'd Have Today
A surprising amount of its returns have come from dividends.
Overview
Broadcom (NASDAQ: AVGO) launched its IPO on Aug. 6, 2009. Known at the time as Avago Technologies, its strategy of building semiconductors for other businesses resonated with customers and investors alike. The company's success also spurred a move into software that has brought support and balance to Broadcom.
Image source: The Motley Fool.
The chip stock debuted at a split-adjusted price of $1.50 per share. If one had invested $1,005 at that time (after adjusting for whole shares), the 670 shares would be worth about $220,000 today.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.