Now Avago will pay a better dividend.
- Avago Technologies Announces $0.40 Interim Dividend
GlobeNewswire(Thu, Jun 4) - SAN JOSE, Calif., and SINGAPORE, June 4, 2015 (GLOBE NEWSWIRE) -- Avago Technologies Limited (AVGO), a leading semiconductor device supplier to the wireless, enterprise storage, wired, and industrial end markets, today announced that its Board of Directors has approved a quarterly, interim cash dividend of $0.40 per ordinary share.
- The dividend is payable on June 30, 2015 to shareholders of record at the close of business (5:00 p.m.) Eastern Time on June 19, 2015.
From finance.yahoo.com
Leading analog semiconductor manufacturer Avago Technologies Limited AVGO recently announced a 5.3% year-over-year hike in its interim quarterly dividend payout to 40 cents per share or $1.60 on an annualized basis. The third-quarter fiscal 2015 dividend is payable in cash on Jun 30 to shareholders of record as of Jun 19.
Avago has continuously increased the quarterly dividend since its inception. Based on the closing price of $141.20 on Jun 4, 2015, the proposed dividend offers a yield of 1.1%. Steady dividend payout is part of the long-term strategy of Avago to provide attractive risk-adjusted returns to its stockholders. In addition, decent dividend increases at periodic intervals have been one of the company’s most attractive features.
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