Looking at the universe of stocks we cover at Dividend Channel, on 9/20/23, Broadcom Inc (Symbol: AVGO) will trade ex-dividend, for its quarterly dividend of $4.60, payable on 9/29/23. As a percentage of AVGO's recent stock price of $846.82, this dividend works out to approximately 0.54%, so look for shares of Broadcom Inc to trade 0.54% lower — all else being equal — when AVGO shares open for trading on 9/20/23.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AVGO is likely to continue, and whether the current estimated yield of 2.17% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AVGO shares, versus its 200 day moving average:
Looking at the chart above, AVGO's low point in its 52 week range is $415.0682 per share, with $923.67 as the 52 week high point — that compares with a last trade of $850.63.
Free Report: Top 8%+ Dividends (paid monthly)
In Monday trading, Broadcom Inc shares are currently down about 0.6% on the day.
Also see:
CEG market cap history ATHI Options Chain
Top Ten Hedge Funds Holding RCL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
