Broadcom Announces 12.5% Increase in Dividend; $300M Share Buyback

Broadcom Corporation

today announced that its Board of Directors has approved a 12.5 percent increase in the quarterly cash dividend to $0.09 cents per share ($0.36 per share on an annual basis) payable to holders of the Company's Class A and Class B common stock. The Company also announced a $300 million accelerated share repurchase plan under its existing evergreen share repurchase program. These developments build on the company's strategy to return meaningful capital to shareholders.