EQIX - 2 AI-Powered Dividend Stocks to Buy for Income and Upside
2023-12-21 05:04:00 ET
Broadcom (NASDAQ: AVGO) and Equinix (NASDAQ: EQIX) have been dividend growth juggernauts over the years. They've increased their dividends every year since initiating those payouts while growing them at above-average rates.
That high-powered dividend growth should continue. Broadcom and Equinix have several growth drivers, including artificial intelligence (AI) . That makes this duo look like compelling investment opportunities for those seeking income and some AI-driven upside potential.
Broadcom's dividend currently yields 1.8%, slightly above the S&P 500 's average of 1.5%. The semiconductor and software company recently boosted its payout by 14%. That marked the 13th straight year it has increased its payout since initiating a dividend in its 2011 fiscal year. Broadcom has increased its payout by a stunning 7,400% since its initial level.
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2 AI-Powered Dividend Stocks to Buy for Income and Upside