In conclusion, Broadcom is a stock that deserves more attention from dividend growth investors despite its relatively low dividend yield. With a history of consistently increasing dividend payouts, strong revenue growth, and a long-term track record of delivering exceptional total returns to its investors, Broadcom stands out as a reliable and underrated dividend growth stock. Additionally, the recent announcement of a 10-for-1 stock split has generated excitement among investors and could further boost the stock’s performance in the short term.
Analyst consensus and a Smart Score rating of 10 from TipRanks further support the bullish outlook on Broadcom, with a strong buy rating and an average target price representing potential upside from current levels. Overall, Broadcom’s strong fundamentals, dividend growth potential, and long-term performance make it a compelling investment opportunity for income investors looking for steady returns in the future.
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