Broadcom's Dividend Has Grown Over 90 Times Since Its First Payout in 2010
Since Avago Technologies (now Broadcom, ticker: AVGO) began paying dividends in December 2010 with a payout of just 7 cents per share, it has consistently raised its dividend for 15 consecutive years. After a stock split and consistent growth, the current quarterly dividend is $0.65 per share — over 90 times higher than when it started. The company typically announces dividend increases in December following its fiscal fourth-quarter earnings report. In recent years, Broadcom has maintained this pattern with annual raises of around 10%. The board bases these decisions on the previous year's cash flow performance and sets the new rate for the upcoming year. With free cash flow rising sharply — up to $31.9 billion in the first three quarters of fiscal 2026 alone — Broadcom has ample financial flexibility. The dividend payout ratio is improving, with dividends taking a smaller share of total free cash flow over time. In fiscal 2024, it used about half its free cash flow for dividends; by Q3 2026, that had dropped to around 29%. This trend suggests the company can sustain and potentially increase dividend growth without straining financial resources.
Tickers: $AVGO