Why This Tech Company Is Nearly Doubling Its Dividend
By and large, companies in the tech sector don't usually pay out dividends. And those that do seldom raise their payouts by meaningful amounts.
One happy exception to these norms is telecom and IT equipment maker Broadcom (NASDAQ: AVGO), which recently declared a generous 72% hike in its quarterly distribution. Let's take a closer look at why the company did so, and, more importantly, whether the new payout is sustainable.
Image source: Broadcom
Source: Fool.com
Broadcom Ltd. Stock
€139.64
1.290%
With 68 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1384 € there is potential for a 891.12% increase which would mean more than doubling the current price of 139.64 € for Broadcom Ltd..
