2 AI-Powered Dividend Stocks to Buy for Income and Upside
(NASDAQ: AVGO) and Equinix (NASDAQ: EQIX) have been dividend growth juggernauts over the years. They've increased their dividends every year since initiating those payouts while growing them at above-average rates.
That high-powered dividend growth should continue. Broadcom and Equinix have several growth drivers, including artificial intelligence (AI). That makes this duo look like compelling investment opportunities for those seeking income and some AI-driven upside potential.
Broadcom's dividend currently yields 1.8%, slightly above the S 500's average of 1.5%. The semiconductor and software company recently boosted its payout by 14%. That marked the 13th straight year it has increased its payout since initiating a dividend in its 2011 fiscal year. Broadcom has increased its payout by a stunning 7,400% since its initial level.
Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 67 Buy predictions and no Sell predictions.
Based on the current price of 131.84 € the target price of 1384 € shows a potential of 949.76% for Broadcom Ltd. which would more than double the current price.
