Broadcom Increases Quarterly Dividend By 14% To $5.25/Share For FY24
Portfolio Pulse from Benzinga Newsdesk
Broadcom Inc. has announced a 14% increase in its quarterly dividend, raising it to $5.25 per share for the fiscal year 2024.
December 07, 2023 | 9:19 pm
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Broadcom Inc. (AVGO) has raised its quarterly dividend to $5.25/share, marking a 14% increase for FY24, signaling confidence in its financial strength and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they signal a company's confidence in its financial stability and profitability. Broadcom's significant dividend increase may attract income-focused investors and could lead to a short-term uptick in its stock price.
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IMPORTANCE 85
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