Broadcom Limited (NASDAQ:AVGO) declared a quarterly dividend on Monday, December 4th, NASDAQ reports. Shareholders of record on Tuesday, December 19th will be paid a dividend of 1.75 per share by the semiconductor manufacturer on Friday, December 29th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, December 18th. This is an increase from Broadcom’s previous quarterly dividend of $1.02.
Shares of Broadcom (NASDAQ AVGO) traded down $1.25 on Wednesday, hitting $258.70. The company’s stock had a trading volume of 2,853,900 shares, compared to its average volume of 2,808,147. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.80 and a current ratio of 6.39. The firm has a market cap of $106,054.25, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Broadcom has a one year low of $173.31 and a one year high of $285.68.
Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.07. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.84 billion. Broadcom had a return on equity of 28.61% and a net margin of 10.18%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.47 EPS. analysts anticipate that Broadcom will post 16.99 earnings per share for the current year.
AVGO has been the topic of several research reports. Vetr raised Broadcom from a “hold” rating to a “buy” rating and set a $261.95 price target on the stock in a research report on Monday, August 28th. Royal Bank of Canada reissued a “buy” rating and set a $285.00 price target (up from $270.00) on shares of Broadcom in a research report on Saturday, August 26th. B. Riley reissued a “buy” rating and set a $305.00 price target on shares of Broadcom in a research report on Thursday, August 31st. Nomura upped their price objective on Broadcom to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Mizuho upped their price objective on Broadcom from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $303.13.
ILLEGAL ACTIVITY WARNING: “Broadcom Limited (AVGO) Plans Dividend Increase – $1.75 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/broadcom-limited-avgo-plans-dividend-increase-1-75-per-share.html.
Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.