has continued to show weakness, having slumped by -3.99% to present 38,111. This level was last seen at the end of January but also at the beginning of May, after which DJIA touched a new all-time high of 40k in mid-May.
Through cash dividend payouts, PG returned $2.3 billion to shareholders, in addition to $1 billion worth of stock buybacks. The company demonstrated its wide moat status by increasing dividends, marking the 68th consecutive increase throughout its 134 years of dividend payouts. It now stands at an annual payout of $4.026 per share.
Over one year, AVGO stock gained 63% value, largely owing to the 4x ramp-up in AI chip revenue to $2.3 billion in Q1 out of the total $11.96 billion net revenue. As an offsetting cyclical driver, this put Broadcom in the investor spotlight. According to Zacks Investment Research, the company’s next earnings call is scheduled for July 23rd. The consensus EPS forecast is $1.16. The company’s price-to-earnings ratio remains stable, staying within the 8.6 range from the actual 8.56 during 2023.
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