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General

Broadcom raises dividend by 51% after solid Q4 and FY

Friday 7 December 2018 | 12:07 CET | News
Broadcom has upped its quarterly dividend after putting out fiscal fourth quarter results well in line with expectations and growing its full year free cash flow from operations by 50 percent to USD 8.2 billion. The company said earlier that it would return USD 50 percent of its previous year's free cash flow in the form of cash dividends. In line with this policy, the dividend has been increased by 51 percent from the previous quarter to USD 2.65 per share. Broadcom added that it bought back USD 1.533 billion worth of shares (6.4 million) in the quarter, taking its yearly total to USD 7.258

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Categories: General
Companies: Broadcom / CA Technologies
Countries: World
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