Summary
Broadcom Inc. (AVGO) filed an 8-K on December 9, 2021, primarily announcing its fourth fiscal quarter 2021 financial results and declaring quarterly cash dividends. The company reported strong financial performance for the quarter ended October 31, 2021, details of which were provided in an attached press release. This release is crucial for investors seeking to understand Broadcom's recent operational success and financial standing. Furthermore, the filing details the declaration of quarterly cash dividends for both its 8.00% Mandatory Convertible Preferred Stock, Series A, and its common stock. This signals a commitment to returning capital to shareholders and provides important dates for dividend recipients. Investors should review the attached press release for a comprehensive understanding of the financial results and note the dividend payment schedules.
Key Highlights
- 1Announcement of fourth fiscal quarter 2021 financial results via press release (Exhibit 99.1).
- 2Press release details unaudited financial results for the period ended October 31, 2021.
- 3Declaration of a quarterly cash dividend of $20.00 per share on the 8.00% Mandatory Convertible Preferred Stock, Series A.
- 4Declaration of a quarterly cash dividend of $4.10 per share on Broadcom's common stock.
- 5Both preferred and common stock dividends are payable on December 31, 2021.
- 6Record date for preferred stock dividend is December 15, 2021.
- 7Record date for common stock dividend is December 22, 2021.