Broadcom (AVGO)’s Growth and Consistent Dividends: How the Chipmaker Rewards Shareholders

Core Insights - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the 13 Best Consistent Dividend Stocks to buy currently [1] - The company has expanded from networking chips into corporate infrastructure software and plays a significant role in artificial intelligence [2] - Broadcom has achieved an average annual dividend increase of 14% over the past five years, supported by a low payout ratio of 36% [3] Dividend Performance - On September 4, Broadcom declared a quarterly dividend of $0.59 per share, consistent with previous dividends [4] - The company has increased its dividend payouts for 14 consecutive years, making it a strong candidate for dividend investors [4] - As of September 12, the stock has a dividend yield of 0.66% [4]