Broadcom Lifts Dividend on Record Revenue

Eric Volkman, The Motley Fool
Updated

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.

The article Broadcom Lifts Dividend on Record Revenue originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Broadcom. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement