AVGO FCF/share increase continues
AVGO $Broadcom(AVGO)$ FCF/share increase continues
For 1Q24 YoY
FCF +19%
shares outstanding +9%
FCF/share +10%
FCF/Share since FY19
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With share dilution dividends paid will outpace dividend/share for FY24
For 1Q dividend payments increased 24% YoY
Dividend per share +14% YoY
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Even with incremental dividend payments,
TTM dividend payout (% FCF) at 44% (which will likely trend towards 50% for FY24)
1Q payout was ~52%
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AVGO 1Q maintains FY guidance
1Q YoY
Revenue
Semiconductors +4%
Infrastructure software +153%
Net Income -65% (Restructuring + R&D)
Dil. EPS -68% (Adj +6.3%)
OCF +19%
FCF +19%
Maintains FY24 revenue guidance of approximately $50.0 billion
https://twitter.com/DividendWave/status/1766108189290828023
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