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