How To Earn $500 A Month From Broadcom Stock
Portfolio Pulse from Avi Kapoor
Broadcom Inc. (NASDAQ:AVGO) reported better-than-expected Q3 earnings and sales, with revenue of $13.072 billion and earnings of $1.24 per share. The company's dividend yield is 1.34%, translating to a quarterly dividend of 53 cents per share. To earn $500 monthly from dividends, an investor would need approximately 2,830 shares, worth $465,705. Broadcom's stock rose 4% to $164.56.
September 13, 2024 | 12:42 pm
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Broadcom reported strong Q3 earnings, beating analyst expectations with $13.072 billion in revenue and $1.24 EPS. The stock rose 4% following the announcement. Broadcom's dividend yield is 1.34%, offering a quarterly dividend of 53 cents per share.
Broadcom's strong earnings report and better-than-expected revenue are positive indicators for the stock, leading to a 4% increase in share price. The dividend yield of 1.34% is attractive for income-focused investors, although the yield can fluctuate with stock price changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100