How To Earn $500 A Month From Broadcom Stock After Upbeat Earnings
Portfolio Pulse from Lisa Levin
Broadcom Inc. (NASDAQ:AVGO) reported strong Q3 earnings, exceeding market estimates with a revenue of $8.88 billion and earnings per share of $10.54. However, the company issued a weak forecast for Q4, expecting revenue of approximately $9.27 billion. The company's dividend yield is currently 2.06%, which equates to a quarterly dividend of $4.60 per share. To earn $500 monthly from Broadcom dividends, an investor would need to own approximately $300,862 worth of Broadcom, or 326 shares.
September 01, 2023 | 12:52 pm
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NEUTRAL IMPACT
Broadcom's strong Q3 earnings and weak Q4 forecast may cause mixed reactions among investors. The company's current dividend yield may attract income-focused investors.
Broadcom's strong Q3 earnings may boost investor confidence, potentially driving the stock price up in the short term. However, the weak Q4 forecast could offset this positive sentiment. The company's dividend yield may attract investors seeking regular income, potentially providing support for the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100