Reported 8 months ago
Broadcom Inc (NASDAQ:AVGO) has seen significant growth since the onset of the AI boom, with revenues of $12.49 billion and an EPS of $10.96 in its recent second fiscal quarter earnings report. While analysts view Broadcom Inc as a top AI growth stock, dividend investors may question its suitability as an income stock. The company, a dividend achiever, has increased dividends for 11 consecutive years with a yield of 1.21%, higher than the industry average but lower than the S&P 500 average. While Broadcom Inc may be a good investment for capital gains, its low dividend yield may make it less appealing for income-focused investors, who typically seek yields above 5%.
Source: YAHOO