How To Earn $500 A Month From Broadcom Ahead Of Q1 Earnings Report
Portfolio Pulse from Avi Kapoor
Broadcom Inc. (NASDAQ:AVGO) is set to release its Q1 earnings with expected earnings of $10.29 per share and projected revenue of $11.72 billion. The company recently unveiled the WatchTower Platform, an open observability solution. Broadcom's dividend yield stands at 1.56%, with a quarterly dividend of $5.25 per share. To earn a monthly dividend income of $500, an investor would need to own approximately 286 shares, valued around $386,100. The article also explains how dividend yield changes with stock price and dividend payment adjustments. AVGO shares rose 0.5% to close at $1,350.00 recently.
March 07, 2024 | 2:14 pm
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Broadcom Inc. is expected to report Q1 earnings of $10.29 per share with projected revenue of $11.72 billion. The company's recent launch of the WatchTower Platform and its stable dividend yield of 1.56% highlight its financial health and innovation. An investor needs 286 shares to earn a $500 monthly dividend.
The anticipation of Broadcom's Q1 earnings report, combined with the recent launch of the WatchTower Platform, suggests a positive outlook for the company. The stable dividend yield further supports the company's financial stability, making it an attractive option for dividend investors. The recent price action, with shares gaining 0.5%, indicates a positive market response ahead of the earnings release.
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