AVGO Dividend: Yield, Payment History, and Growth Explained

Last Updated: Q1 2025. Dividend data updated quarterly. Verify current figures at investors.broadcom.com.

Quick Stats: AVGO Dividend

Metric	Value
Current Dividend Yield	~1.6% (as of early 2025)
Quarterly Dividend Per Share	~$0.59 (split-adjusted)
Annual Dividend Per Share	~$2.36 (split-adjusted)
Next Ex-Dividend Date	Verify at investors.broadcom.com
Next Payment Date	Verify at investors.broadcom.com
Payment Frequency	Quarterly (4x per year)
Consecutive Annual Increases	11 of the last 13 fiscal years since 2011

All per-share figures are split-adjusted (post-July 15, 2024 10-for-1 stock split basis). Populate dates from investors.broadcom.com/financial-information/dividends before publication.

This article is for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Dividend amounts, yields, and payment dates are subject to change at any time without notice. Past dividend history does not guarantee future dividend payments or increases. Broadcom's board of directors determines dividend declarations at its discretion. Before making any investment decision, consult a qualified financial advisor who is familiar with your individual financial situation, goals, and risk tolerance.

Broadcom Inc. (NASDAQ: AVGO) has paid a quarterly dividend since fiscal year 2011 and has raised it in the majority of fiscal years since, building one of the strongest dividend-growth track records in the semiconductor sector. The S&P 500 component is headquartered in San Jose, California, and operates as a global semiconductor and enterprise software company under CEO Hock Tan, with a market capitalization in the $600 billion to $800 billion range as of 2024–2025.

All per-share dividend figures in this article are presented on a split-adjusted basis, reflecting the 10-for-1 stock split Broadcom completed on July 15, 2024. If figures on other financial sites appear roughly 10 times higher, that discrepancy is explained in the dedicated callout box in the dividend history section below.

This article covers AVGO's current yield, upcoming payment dates, full split-adjusted dividend history, FCF-based sustainability analysis, and how the dividend compares to semiconductor peers including Qualcomm (QCOM), Texas Instruments (TXN), Nvidia (NVDA), and Intel (INTC).

What Is AVGO's Current Dividend Yield?

As of early 2025, AVGO's dividend yield is approximately 1.6%, based on a quarterly dividend of approximately $0.59 per share (split-adjusted) and a share price in the range of approximately $145–$150. The annualized dividend is approximately $2.36 per share (split-adjusted), paid in four equal quarterly installments.

Dividend yield is calculated as: (Annual Dividend Per Share ÷ Current Stock Price) × 100. At approximately $2.36 annualized and a share price near $147, the yield works out to roughly 1.6%. Because yield moves inversely with share price, this figure changes daily. The Quick Stats box above reflects the most recently updated estimate.

AVGO's yield sits at or slightly above the S&P 500 average dividend yield of approximately 1.3–1.5% as of early 2025. For a high-growth technology stock, this is notable: most large-cap semiconductor and software companies either pay no dividend at all or a nominal one. The yield compressed over the 2023–2024 period as AVGO's share price appreciated sharply alongside strong performance in the Philadelphia Semiconductor Index (SOX), even as the dollar amount of the quarterly payment grew. A stock whose price doubles while its dividend increases 20% will show a lower yield percentage. That is the arithmetic of yield compression in an appreciating stock.

The current percentage yield, taken alone, understates AVGO's income story. The dividend growth rate tells a different story, covered in the history section below.

AVGO Dividend Dates: Ex-Dividend Date, Record Date, and Payment Date

AVGO pays dividends quarterly: four times per year, following Broadcom's fiscal quarter calendar (fiscal year ends in late October).

AVGO Upcoming Dividend Dates — Verify all dates at investors.broadcom.com/financial-information/dividends before acting on them. Dates change each quarter.

Under current U.S. equity settlement rules (T+1, effective May 28, 2024), the record date falls one business day after the ex-dividend date, not two as older content may state.

The ex-dividend date is the first day a buyer of AVGO shares would NOT qualify for the upcoming dividend payment. To receive a given quarter's distribution, shares must be owned before that date. The record date is the administrative date on which Broadcom's transfer agent takes a snapshot of registered shareholders. For most retail investors holding AVGO through a brokerage, the ex-dividend date is the only operationally relevant cutoff: ownership as of that date automatically establishes record status under T+1 settlement. The payment date is when the dividend cash is distributed to shareholders' brokerage accounts, typically two to four weeks after the record date.

Broadcom's fiscal year ends in late October, so quarterly payment timing does not follow the January/April/July/October calendar pattern common to many other dividend-paying companies. Dividend declarations typically follow each quarterly earnings report; for upcoming earnings dates and estimates, see the Broadcom earnings guide. Broadcom's fiscal Q1 runs November through January, Q2 February through April, Q3 May through July, and Q4 August through October. Dividend declarations follow this fiscal calendar, which occasionally creates confusion when investors cross-reference calendar-year financial sites. The board declares each quarterly dividend separately. No pre-announced full-year schedule is published in advance. Track upcoming earnings dates and dividend declaration timing on the Bybit StockEarningsSeason calendar.

AVGO Dividend History and Growth Rate

Broadcom initiated its quarterly dividend in fiscal year 2011 and has paid a dividend every fiscal year since, raising it in 11 of the 13 fiscal years through FY2024. The dividend was held flat in FY2020 and FY2021 during a period of acquisition integration activity, then resumed growth in FY2022 and has increased each year since.

How the 2024 Stock Split Affects AVGO Dividend Figures

Note on AVGO's July 2024 Stock Split and Dividend Figures

Broadcom completed a 10-for-1 stock split on July 15, 2024. The split divided both the share price and the per-share dividend by exactly 10.

• Before the split: The quarterly dividend was approximately $5.25 per share
• After the split: The quarterly dividend is approximately $0.525 per share

This was NOT a dividend cut. A shareholder who held 1 share before the split (receiving $5.25 per quarter) now holds 10 shares after the split (each receiving approximately $0.525 per quarter). That equals the same $5.25 total per quarter.

All per-share figures in the history table below have been retroactively divided by 10 to reflect the post-split share count. Pre-split figures appearing roughly 10x higher on other financial sites are unadjusted. Both sets of numbers are mathematically correct but expressed on different bases.

AVGO Dividend History — All figures split-adjusted (post-July 2024 10-for-1 stock split basis). Broadcom fiscal year ends in late October. Source: Broadcom Investor Relations / Nasdaq.com.

Footnote: Pre-split per-share figures divided by 10 for comparability. Early FY2011–FY2013 figures are approximate based on available records. Broadcom Inc. (AVGO) was formerly known as Avago Technologies; the AVGO ticker and dividend program originated with Avago's dividend initiation in fiscal 2011. Verify all figures against investors.broadcom.com for exact declared amounts.

AVGO Dividend Growth Rate: 3-Year, 5-Year, and 10-Year CAGR

The compound annual growth rate (CAGR), the annualized rate at which the dividend has grown over a specific period, is one of AVGO's most distinguishing attributes as an income investment.

AVGO Dividend CAGR Summary — Split-adjusted figures. Source: Broadcom Investor Relations.

At a 19% 10-year CAGR, the dividend doubles approximately every 3.8 years by the Rule of 72 (72 ÷ 19 ≈ 3.8). Income investors who accept a lower starting yield in exchange for a faster-growing income stream are the primary beneficiaries of this compounding. Investors looking to start building an AVGO position for dividend income can trade Broadcom on Bybit. A $2.36 annual dividend growing at 19% annually reaches roughly $4.72 within four years, with no share price appreciation factored in.

The strategic driver behind this growth rate is not incidental. Under CEO Hock Tan, Broadcom has pursued a deliberate serial acquisition strategy: acquiring large, mature technology businesses including CA Technologies (2018), Symantec's enterprise security division (2019), and VMware (2023), then integrating them aggressively for maximum free cash flow generation and returning that cash to shareholders through growing dividends and buybacks. This capital allocation model, not organic product cycles, explains why the dividend has compounded faster than most semiconductor peers.

A Dividend Aristocrat is an S&P Dow Jones Indices designation requiring 25 or more consecutive years of dividend increases. AVGO does not currently hold that status. With its dividend program dating to fiscal 2011, Broadcom's trajectory points toward that milestone within the next decade if annual increases resume and continue uninterrupted.

Broadcom has never eliminated its dividend since initiating payments in fiscal 2011. The two years of flat payments in FY2020–FY2021 represented a pause, not a cut. The apparent decline in per-share figures visible on some financial sites reflects the July 2024 10-for-1 stock split, not a reduction in the dividend program.

Is AVGO's Dividend Safe? Sustainability and FCF Coverage

By the most relevant financial metrics, AVGO's dividend appears well-supported.

AVGO Free Cash Flow and Dividend Coverage Ratio

Free cash flow (FCF), the cash Broadcom generates after capital expenditures that is available to pay dividends, repay debt, or buy back shares, is the foundational metric for evaluating dividend safety at an acquisition-heavy company like Broadcom. Per Broadcom's Q4 fiscal 2024 earnings release, Broadcom generated approximately $19.4 billion in free cash flow in fiscal year 2024 (fiscal year ended October 27, 2024).

At approximately $2.36 per share annualized and approximately 4.7 billion shares outstanding, Broadcom's total annual dividend obligation amounts to roughly $11 billion, representing approximately 57% of fiscal 2024 FCF. That is the FCF payout ratio, and it is the correct measure of dividend safety for Broadcom.

AVGO Dividend Payout Ratios — Fiscal Year 2024. Source: Broadcom Q4 FY2024 earnings release.

The earnings-based payout ratio exceeds 100%, which would signal an unsustainable dividend at most companies. For Broadcom, this figure is misleading. Broadcom carries billions of dollars in amortization of acquired intangibles: non-cash charges from its serial acquisitions that reduce reported GAAP net income substantially without affecting actual cash generation. For acquisitive companies like Broadcom, the FCF payout ratio is the more meaningful indicator of dividend safety.

What the VMware Acquisition Means for AVGO's Dividend

Broadcom completed its acquisition of VMware for approximately $69 billion on November 22, 2023, taking on approximately $61 billion in net debt at close. The transaction raised legitimate questions about whether the debt load would pressure the dividend program.

The evidence since close points in the opposite direction. Broadcom raised its quarterly dividend in December 2023 (the first post-close board declaration) and again in December 2024, signaling management's confidence in the combined company's cash generation capacity. VMware added substantial recurring software subscription revenue to Broadcom's business, expanding FCF beyond what the pre-acquisition semiconductor and infrastructure software operations produced alone. Broadcom has committed to reducing its net debt burden through FCF-driven paydown, targeting a more conservative debt ratio within several years of the close.

As of fiscal year-end 2024, Broadcom carried approximately $66 billion in gross debt. At approximately $19.4 billion in annual FCF, the company covers its dividend obligation and retains approximately $8 billion annually after dividends for debt repayment and other capital allocation priorities.

A growing share of that FCF originates from Broadcom's custom AI silicon and networking chip business. Broadcom supplies custom AI ASICs (Application-Specific Integrated Circuits) and high-speed networking chips to hyperscaler customers including Google, Meta, and Apple. This is a distinct business from Nvidia's off-the-shelf GPU model. AVGO's AI revenue comes from hyperscaler-specific chip design partnerships, and that AI infrastructure spending has expanded FCF beyond what legacy semiconductor and legacy software operations alone would support. The AI infrastructure build-out by large cloud and internet companies is, in a direct financial sense, funding AVGO's dividend growth. For detailed price projections driven by this AI revenue trajectory, see the Broadcom stock forecast.

The primary risk remains Broadcom's elevated debt position from the VMware acquisition. A sustained deterioration in FCF (from a major demand slowdown in AI infrastructure spending, for example) could constrain dividend growth, though current FCF generation provides substantial coverage of the annual dividend obligation.

Broadcom has raised its dividend in the majority of fiscal years since 2011. Given current FCF levels, analysts broadly expect continued increases. Future declarations are subject to board approval and Broadcom's financial performance at the time of each declaration.

Is AVGO a Good Dividend Stock? Peer Comparison

AVGO is a compelling dividend-growth stock but not a high-yield stock. For investors prioritizing a rapidly rising income stream over maximum current yield, AVGO's approximately 19% 10-year dividend CAGR makes it one of the stronger dividend-growth options in the technology sector. For investors requiring a current yield above 3%, the yield profile may fall short of their income threshold.

AVGO vs. QCOM, TXN, NVDA, and INTC: Dividend Comparison Table

Semiconductor Dividend Comparison — All figures approximate, as of early 2025. Sources: company investor relations pages. Yield based on share price at time of publication. Verify current figures with each company's investor relations before making investment decisions.

INTC: Intel reduced its quarterly dividend by approximately 66% in early 2023 (from $0.365 to $0.125 per share) and then suspended the dividend entirely in the second half of 2024. Verify Intel's current status before publication.

AVGO figures are split-adjusted (post-July 2024 10-for-1 stock split basis). All data subject to change. Verify current figures with each company's investor relations.

Qualcomm (QCOM) offers a higher current yield of approximately 2.2% and has 22 consecutive years of dividend increases. QCOM's 5-year CAGR is comparable to AVGO's, making it a genuine alternative for income investors who want both a higher starting yield and a consistent track record. The choice between AVGO and QCOM depends primarily on whether the investor prioritizes current income (QCOM leads on yield) or growth trajectory (AVGO's acquisition-driven FCF model has historically produced larger individual annual increases).

Texas Instruments (TXN) has 21 consecutive years of increases as of 2025 and a higher current yield near 2.9%, placing it closer to the 3% threshold many income investors target. TXN's dividend growth has been steady rather than aggressive, and its business model (analog semiconductors for industrial and automotive applications) carries different cyclical characteristics than AVGO's. TXN is on a trajectory toward Dividend Aristocrat status and currently holds a longer unbroken streak than AVGO.

Nvidia (NVDA) pays a nominal dividend of approximately 0.03% yield, making it effectively irrelevant as an income instrument despite its dominant position in AI computing. AVGO's AI infrastructure business competes in a different segment (custom ASICs and networking) but its commitment to shareholder income stands in contrast to NVDA's token payout.

Intel (INTC) reduced its quarterly dividend by approximately 66% in early 2023 amid deteriorating revenue and rising capital expenditure needs, then suspended it entirely in the second half of 2024. This contrast makes a factual point: not all semiconductor dividends carry the same risk profile. AVGO's payment record has held through multiple industry cycles, including the VMware acquisition and significant market volatility.

Investors seeking income above 3% may find QCOM or TXN more suitable for current yield. Investors prioritizing income growth over the next decade may find AVGO's growth trajectory compelling despite its lower starting yield. This comparison is informational only and does not constitute a recommendation to buy or sell any security. For a comprehensive investment analysis covering bull and bear cases, see Is Broadcom a Good Stock to Buy?.

AVGO Dividend Reinvestment: How DRIP Works for Broadcom Shareholders

A dividend reinvestment plan (DRIP) allows investors to automatically reinvest AVGO dividend payments to purchase additional shares, typically commission-free through a brokerage account. Rather than receiving the quarterly cash payment, enrolled shareholders receive fractional or whole shares of AVGO at the current market price. Broadcom does not appear to operate a direct-purchase DRIP through its transfer agent. DRIP access is through the brokerage's own automatic dividend reinvestment feature, not a company-administered program.

DRIP compounding is particularly effective for a dividend-growth stock like AVGO. Reinvested dividends purchase additional shares, which in turn receive higher future dividends as the per-share amount grows each year. At AVGO's approximate 10-year CAGR near 19%, each reinvested dollar compounds at a rate that accelerates portfolio income accumulation beyond what the starting yield alone suggests. A 1.6% starting yield compounding at roughly 19% annual dividend growth produces significantly more income within ten years than the initial percentage implies.

Most major brokerages offer automatic dividend reinvestment for AVGO shares at no additional cost. Check the account's dividend settings or contact the brokerage's support to enable DRIP. Terms vary by brokerage. Verify availability and any applicable fees before enrolling, and consult a tax advisor regarding how dividend reinvestment affects your specific tax situation.

Frequently Asked Questions About the AVGO Dividend

What is AVGO's current dividend yield?

As of early 2025, AVGO's dividend yield is approximately 1.6%, based on a quarterly dividend of approximately $0.59 per share (split-adjusted) and a share price in the range of $145–$150. Yield fluctuates daily as the share price moves. The Quick Stats box at the top of this article reflects the most recently updated estimate.

How often does AVGO pay dividends?

AVGO pays dividends quarterly: four payments per year. Broadcom's board of directors declares each quarterly dividend separately following the company's fiscal quarter earnings release, so no pre-announced full-year schedule exists.

Has AVGO ever cut its dividend?

No. Broadcom has never reduced its quarterly dividend since initiating payments in fiscal 2011. The dividend was held flat (not cut) in FY2020 and FY2021, then resumed annual increases. The apparent decline in per-share figures visible on some financial sites reflects the July 15, 2024 10-for-1 stock split, not a reduction. Shareholders received the same total cash amount before and after the split.

When is AVGO's next ex-dividend date?

Broadcom declares its quarterly dividend at each fiscal quarter earnings release. Verify the current upcoming ex-dividend date, record date, and payment date directly at investors.broadcom.com/financial-information/dividends, as these dates change each quarter and must be confirmed close to the declaration date.

What is AVGO's dividend payout ratio?

AVGO's FCF payout ratio is approximately 57% for fiscal year 2024, calculated as total annual dividends paid divided by annual free cash flow per Broadcom's Q4 FY2024 earnings release. The earnings-based payout ratio appears significantly higher due to large non-cash amortization charges from Broadcom's acquisitions, which reduce reported GAAP net income without affecting cash generation. For an acquisitive company like Broadcom, the FCF payout ratio is the relevant safety metric.

Is AVGO a good dividend stock?

AVGO is a strong dividend-growth stock with roughly 19% 10-year dividend CAGR (FY2014–FY2024, split-adjusted), placing it among the faster-growing dividends in the S&P 500. Its current yield of approximately 1.6% is below the 3% threshold many pure income investors require. AVGO suits investors prioritizing a rapidly growing income stream over a high current yield. Investors primarily seeking income above 3% may find QCOM or TXN more aligned with that objective.

What was AVGO's dividend before the stock split?

Before AVGO's 10-for-1 stock split on July 15, 2024, the quarterly dividend was approximately $5.25 per share. After the split, it is approximately $0.59 per share. A shareholder who held one pre-split share now holds ten post-split shares, each receiving approximately $0.59 per quarter. The split did not reduce dividend income. Total quarterly income per pre-split share held is unchanged on a combined-share basis.

Summary: AVGO Dividend at a Glance

• Current yield: approximately 1.6% (early 2025); quarterly dividend approximately $0.59 per share (split-adjusted)
• Dividend track record: paid since fiscal 2011; raised in 11 of 13 fiscal years through FY2024; dividend was held flat in FY2020–FY2021, not cut
• 10-year dividend CAGR: approximately 19% (FY2014–FY2024, split-adjusted). Doubles roughly every 3.8 years at this rate.
• FCF coverage: fiscal 2024 FCF payout ratio approximately 57%; dividend obligation represents well under two-thirds of annual free cash flow per Broadcom's Q4 FY2024 earnings release
• Classification: dividend-growth stock, not a high-yield stock; yield at or above the S&P 500 average, with a 10-year growth rate among the highest in the technology sector

This article is for informational and educational purposes only. It does not constitute financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Dividend amounts, yields, and payment dates are subject to change at any time without notice. Past dividend history does not guarantee future dividend payments or increases. Broadcom's board of directors determines dividend declarations at its discretion. Before making any investment decision, consult a qualified financial advisor who is familiar with your individual financial situation, goals, and risk tolerance.

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