Broadcom Lifts Dividend on Record Revenue
Broadcom has reported its Q4 and 2012 results, with net revenue for the quarter coming in at $2.1 billion and net profit at $251 million, or $0.43 per diluted share. Those numbers were 14% higher and 1% lower than those of Q4 2011.
The top line for the full year reached just over $8 billion, a new all-time high for the company and 8% higher than 2011's result. Net was $719 million ($1.25 diluted EPS), or 22% lower on a year-over-year basis.
Broadcom also declared a quarterly dividend of $0.11, which is 10% higher than the previous disbursement. On an annualized basis, the dividend represents a yield of 1.3% on the current stock price.
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