AVGO goes ex-dividend
AVGO $Broadcom(AVGO)$ goes ex-dividend tomorrow 20SEP
• Should be the last dividend at $4.60/share
• Dividend hike announcement expected beg Dec
• Last year's dividend increase +12%
• 2.2% dividend yield
• Dividend payout TTM (% FCF): 43%
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AVGO segment revenue
Semiconductor solutions has been the growth engine for the past 3 years (double digits until 1QFY23)
Infrastucture software as total % of revenue has dropped from 28% in FY20 to 21 % for the first 3 quarters of FY23
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AVGO proposed acquisition of VMW $VMware(VMW)$ would rebalance this
It would mean a near 50-50 weight of revenue between semicondutctors and software
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