(NASDAQ:AVGO) has a market cap of $223 billion and a forward dividend yield of 3.61%. The stock is currently trading at $500.22 per share, with a 52-week range of $383.50 to $519.67. With a strong track record of dividend payments and impressive financial performance, Broadcom Inc. (NASDAQ:AVGO) continues to be a top choice for dividend investors in 2024.
In a year where dividend stocks are struggling to keep up with the broader market, Broadcom Inc. (NASDAQ:AVGO) stands out as a reliable investment option. With a solid cash flow position and consistent dividend increases, the California-based semiconductor company has proven its worth to investors. Despite concerns about its valuation, Broadcom Inc. (NASDAQ:AVGO) remains a promising choice for those looking to invest in dividend stocks for the long term. (NASDAQ:AVGO) is currently ranked eighth on our list of the best dividend stocks. If you’re interested in finding out more about the top 10 dividend stocks of 2024, click to see the full list. Additionally, be sure to check out our article on Michael Burry selling certain stocks and the potential new trends coming to US stocks. Please note that this information is provided by Insider Monkey.