Image Source: PixabayOn 12 December, Broadcom (AVGO) increased its quarterly dividend by 11.32%, from 59¢ to 52¢ per share.The dividend will be paid on 31 December to shareholders of record on 23 December. The ex-dividend date is 23 December.AVGO’s contribution to DivGro’s projected annual dividend income will increase by $23 to $236.I own 100 shares of AVGO at an average cost basis of $25.04 per share. Following this increase, my yield on cost is 9.42%. (AVGO’s forward yield is 1.05% at $224.80 per share). Since opening my position in October 2018, the stock has generated a total return of 833%, including $874.67 in dividend income. That’s a spectacular annualized rate of return of 45.2%!AVGO became DivGro’s 39th Home Run stock in October 2021 when it doubled my original capital outlay. 5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Mastercard Dividend IncreaseWaste Management Dividend IncreaseWEC Energy Group Dividend Increase
