Why Broadcom Is a Retiree's Dream Stock
Most investors know Broadcom (NASDAQ: AVGO) as merely a technology company. Since it does not sell its semiconductors and infrastructure software directly to consumers, some investors may know little about this tech stock. However, given its history of dividend returns, income-oriented investors would do well to take a closer look.
Image source: Getty Images.
The Broadcom dividend for its common shares now stands at $3.60 per share quarterly, or $14.40 per year. At its current price, that amounts to a cash return of 3%. To put the payout into perspective, that comes in at approximately 2.3 times the average dividend yield of 1.3% for the S&P 500.
Source Fool.com
