Broadcom Inc. (NASDAQ:AVGO) to Issue $0.59 Quarterly Dividend

Key Points

• Broadcom Inc. has declared a quarterly dividend of $0.59 per share, to be paid on September 30th to investors of record as of September 22nd.
• The company has a payout ratio of 30.2%, indicating its dividend is well-supported by earnings, with expected earnings of $6.38 per share next year.
• Shares of Broadcom are currently trading at $306.10, reflecting a 1.2% increase, with a market cap of approximately $1.44 trillion.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) declared a quarterly dividend on Thursday, September 4th, RTT News reports. Investors of record on Monday, September 22nd will be given a dividend of 0.59 per share by the semiconductor manufacturer on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

Broadcom has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Broadcom to earn $6.38 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 37.0%.

Broadcom Stock Up 1.2%

Shares of NASDAQ:AVGO traded up $3.71 during mid-day trading on Thursday, reaching $306.10. 30,016,755 shares of the stock were exchanged, compared to its average volume of 25,701,645. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.44 trillion, a P/E ratio of 114.64, a P/E/G ratio of 2.11 and a beta of 1.16. Broadcom has a one year low of $134.90 and a one year high of $317.35. The stock's 50 day simple moving average is $290.06 and its 200-day simple moving average is $236.01.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by ($0.40). Broadcom had a return on equity of 35.49% and a net margin of 22.64%. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Broadcom will post 5.38 EPS for the current year.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

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