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General

Broadcom lifts dividend after Q4 in line with lowered expectations

Friday 13 December 2019 | 09:53 CET | News
Broadcom, which completed its buy of Symantec for USD 10.7 billion in November, has increased its quarterly dividend by 23 percent to USD 3.25, after reporting revenues in line with expectations and record profitability for the full year despite a challenging market backdrop, CEO Hock Tan said. The company had lowered its revenue guidance in June by USD 2 billion on "anticipated headwinds from wireless", and export restrictions on one of the company's largest customers, Huawei.

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Categories: General
Companies: Broadcom / Huawei / Symantec
Countries: World
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