On 5 September, Broadcom (AVGO) increased its quarterly dividend by 0.95%, from 52.5¢ to 53¢ per share.
The dividend will be paid on 30 September to shareholders of record on 19 September. The ex-dividend date is 19 September.
This is an unusually small increase for AVGO, likely aimed at smoothing out its fractional dividend following the company’s 10-for-1 stock split. I expect AVGO to announce a more significant increase in December.
AVGO’s contribution to DivGro’s projected annual dividend income will increase by $2 to $212.