On 12 December, Broadcom (AVGO) increased its quarterly dividend by 11.32%, from 59¢ to 52¢ per share.
The dividend will be paid on 31 December to shareholders of record on 23 December. The ex-dividend date is 23 December.
AVGO’s contribution to DivGro’s projected annual dividend income will increase by $23 to $236.
I own 100 shares of AVGO at an average cost basis of $25.04 per share. Following this increase, my yield on cost is 9.42%. (AVGO’s forward yield is 1.05% at $224.80 per share).
Since opening my position in October 2018, the stock has generated a total return of 833%, including $874.67 in dividend income. That’s a spectacular annualized rate of return of 45.2%!
AVGO became DivGro’s 39th Home Run stock in October 2021 when it doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $1.120 | $1.335 | $1.490 | $1.690 | $1.905 | ⬆ | $2.170✝ |
| 41.77% | 19.20% | 11.61% | 13.42% | 12.72% | ⬆ | 13.91% |
| 5-year DGR: | 19.25% | ⬇ | 14.14% | |||
✝projected, assuming no further changes
