Broadcom Stock Yields Just 0.68%. But the Dividend Has Seen Explosive Growth

At first glance, Broadcom (NASDAQ: AVGO) hardly looks like a dividend stock. The chip and infrastructure software giant pays $2.60 per share in annual dividends, and with the stock closing Friday at $381.92, that works out to a dividend yield of just 0.68%. Put $10,000 into the stock today, and you collect about $68 a year. Not too exciting.But a current yield is just a snapshot, and snapshots don't show motion. What the 0.68% hides is a dividend that has been raised for 15 consecutive years and has multiplied nearly 13-fold over the past decade.While this dividend's astounding growth isn't guaranteed to persist, it speaks to the quality of the underlying business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool