Broadcom Sets Sept. 21 Record Date for Next Quarterly Dividend Payment

Broadcom (NASDAQ: AVGO) will pay its next quarterly dividend of $0.65 per share on Sept. 30 to shareholders of record as of Sept. 21, the company disclosed this week. Investors who want to receive the payment must own the stock before the record date passes.

At the current quarterly rate, the dividend annualizes to $2.60 per share. Reaching $5,000 in yearly dividend income at that pace would require roughly 1,923 shares — a position worth in the neighborhood of $667,000 at the stock’s recent price of $347.30, down 0.21% in Thursday trading. Broadcom’s market capitalization stands at approximately $1.99 trillion.

AI Momentum Behind the Payout

The dividend arrives as Broadcom remains one of the more prominent beneficiaries of artificial intelligence infrastructure spending. The company designs application-specific integrated circuits (ASICs) for hyperscale cloud customers, including Alphabet, which uses custom silicon to achieve cost and efficiency gains at scale. Beyond custom chips, Broadcom sells AI networking components that connect accelerators in data centers.

That AI-driven business sits alongside a broader portfolio — infrastructure software, general-purpose semiconductors, and networking solutions — that generates revenue independent of the AI buildout, giving the company several avenues for earnings growth.

The chipmaker has steadily raised its payout over time, and the upcoming $0.65 payment continues that pattern. Dividend increases have become a notable part of Broadcom’s appeal alongside its semiconductor franchise, particularly as the company has scaled up following its acquisition-driven expansion into infrastructure software.

What to watch

• The Sept. 21 record date and Sept. 30 payment date for the $0.65-per-share dividend.
• Broadcom’s next quarterly earnings report, where updates on custom ASIC demand from hyperscalers such as Alphabet will be a focal point.
• Any announcement of a dividend increase, which the company has historically issued alongside earnings.
• Further design-win announcements for AI networking and custom accelerator programs.

Source: original release