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On Dec. 11, Broadcom (AVGO) declared a $0.65 dividend for the quarter, a 10.2% increase from the previous quarter’s $0.59. The chipmaker continues to reward long-term investors as a rare dividend payer in the semiconductor industry. The fact that the company can not only keep up with but also increase the dividend payout speaks volumes about its strong cash flows.
The world is seeing increasing investment in IT infrastructure upgrades since the emergence of generative AI in 2022. As an AI chipmaker, AVGO is expected to continue reaping the benefits of this AI boom, which, according to analysts, is likely only at the halfway stage in terms of infrastructure spending.
