AVGO dividend growth history has been phenomenal even while digesting acquisitions
$Broadcom(AVGO)$ dividend growth history has been phenomenal even while digesting acquisitions
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AVGO just completed the acquisition of $VMware(VMW)$ closed on Nov. 22, 2023
This is the largest acquisition to date and was a cash and stock deal
So this dilution of Broadcom stock may have an influence on dividend increase (Board may be conservative due to more shares outstanding)
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AVGO FCF growth has been outstanding
Dividend payout at 43% of FCF
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My $AVGO dividend hike guess:
The lowest hike that ensures a double digit increase
From $4.60 to $5.06 share /quarter (+10%)
And probably time for a dividend split
AVGO should announce a dividend increase on Thursday
Most recent dividend hikes:
Dec'19 +23%
Dec'20 +11%
Dec´21 +14%
Dec'22 +12%
Any good guess on the dividend hike ?
<10%
30.9%
10% to 15%
58.5%
>15%
9.6%
I´ll tweet a specific %
1.1%
https://twitter.com/DividendWave/status/1730891259110187411
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