Broadcom: 14% dividend increase

(CercleFinance.com) - On its quarterly earnings call, Broadcom announces that its Board of Directors has decided to increase its quarterly dividend by 14% to $5.
25 per share, payable from 29 December.

In Q4 2022-23, the semiconductor supplier posted non-GAAP EPS growth of 5.8% to $11.06, with adjusted EBITDA up 5.7% to $6.05bn, on revenues that are up 4% at $9.29bn.

Broadcom therefore posted a record adjusted EBITDA margin of 65% for the full year, on revenues of $35.8bn, and is targeting around 60% and $50bn respectively for 2023-24.


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