AVGO - an impressive dividend growth record
$Broadcom(AVGO)$ going ex-dividend MAR20
An impressive dividend growth record
Since FY16, 35% CAGR dividend increase
Last 3 years increase 13.4% CAGR
Latest increase 14%
TTM dividend (FCF) payout ratio 44%
Picture from company presentation
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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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https://twitter.com/DividendWave/status/1769820799274234282
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