Broadcom ($AVGO) announced its next dividend of $5.25 per share, a 14.13% increase over its previous payout of $4.60.
DivGro's projected annual dividend income will increase by $78.00 to $630.00.
The dividend will be paid on 29 December 2023 to shareholders of record on 20 December 2023. The ex-dividend date is 19 December 2023.
I own only 30 shares of AVGO at an average cost basis of $271.26 per share. Following this increase, my yield on cost is 7.74%. (AVGO's forward yield is 2.22% at $944.30 per share).
AVGO became DivGro's 39th Home Run stock in October 2021, when the stock doubled my original capital outlay.
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