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AVGOP - Broadcom Cements Status As The Best Dividend Growth Stock
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock Series A
Last week Broadcom increased its quarterly dividend by 14% to $4.10/share, or $16.40/share on an annual basis.
The increase wasn't much of a surprise based on comments made during last quarter's conference call. What was a surprise was the $10 billion stock buyback announcement.
This article will take a look at Broadcom's full-year FY21 results, its free-cash-flow profile, and what may be in store for FY22.