Broadcom (NASDAQ:BRCM) is broadcasting a fresh payout for its shareholders. The company has declared a quarterly distribution of $0.11 per share of its common stock, payable on June 17 to shareholders of record as of May 31. Holders of both class A and B common stock are eligible for the dividend.
That $0.11 matches Broadcom's most recent disbursement, which was handed out in early March. Before that, the company paid $0.10 per share. Since launching dividend payments in 2010, the company has raised them incrementally at the beginning of every year.
The current dividend annualizes to $0.44 per share. That yields 1.2% at Broadcom's current stock price of $36.57.
Fool contributor Eric Volkman has no position in Broadcom. Nor does The Motley Fool. 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.