Broadcom: 11% dividend increase with quarterly results
December 13, 2024 at 03:19 am EST
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On the occasion of its earnings release on Thursday evening, Broadcom announced an 11% increase in its quarterly dividend decided by its Board of Directors, to $0.59 per share, marking its 14th consecutive year of increases.
For its fourth quarter 2023-24, it reported non-GAAP EPS up 28% to $1.42 and adjusted EBITDA up 50% to $9.09 billion, representing a margin of almost 65% on revenues up 51% to just under $14.1 billion.
For the first three months of the current financial year, the semiconductor and infrastructure software solutions group anticipates an adjusted EBITDA margin of around 66% on projected revenues of around $14.6 billion.
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Broadcom Inc. specializes in designing, developing, and selling analog components and sub-systems, with mixed and optoelectronic signals. The group's products include power amplifiers, radio-frequency filters, encoders, optocouplers, fiber-optic transmitters and receivers, etc.
Net sales break down by market between semiconductors (58.4%) and infrastructures (41.6%).
Net sales are distributed geographically as follows: Americas (29%), Asia/Pacific (55.1%), and Europe/Middle East/Africa (15.9%).
BROADCOM INC. 
