Broadcom Inc (NASDAQ: AVGO) shares settled lower on Wednesday after recently surging to an all-time-high level.
On Dec. 7, Broadcom reported mixed fourth-quarter results and issued FY24 revenue guidance above estimates. The company also raised its dividend.
The company is making significant strides in the artificial intelligence (AI) field, partnering with major players like Alphabet Inc‘s Google and Comcast Corp.
With the recent buzz around Broadcom, some investors may be eyeing potential gains from the company’s dividends. As of now, Broadcom offers an annual dividend yield of 1.89%, which is a quarterly dividend amount of $5.25 per share ($21 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 ...