8-KEarnings & ResultsOther EventsExhibits & Filings

Broadcom Inc. 8-K Report, Financial Results (Mar 3, 2022)

Filed March 3, 2022For Securities:AVGO

Summary

Broadcom Inc. (AVGO) filed an 8-K on March 3, 2022, primarily to announce its financial results for the first fiscal quarter ended January 30, 2022. While the specific financial figures from the press release are not detailed within the 8-K text itself, the filing indicates the release contains the company's unaudited results. Investors should refer to the attached press release (Exhibit 99.1) for detailed performance metrics, revenue, and earnings information for the quarter. Additionally, the filing announced the declaration of quarterly cash dividends. A dividend of $4.10 per share was declared on Broadcom's common stock, payable on March 31, 2022, to shareholders of record on March 22, 2022. A separate dividend of $20.00 per share was declared on the 8.00% Mandatory Convertible Preferred Stock, Series A, also payable on March 31, 2022, to preferred shareholders of record on March 15, 2022. These dividend announcements provide clear return of capital information to shareholders.

Key Highlights

  • 1Broadcom Inc. announced its first fiscal quarter financial results for the period ending January 30, 2022, via a press release filed as an exhibit.
  • 2The press release (Exhibit 99.1) contains unaudited financial results and is incorporated by reference into the 8-K.
  • 3The Board of Directors declared a quarterly cash dividend of $4.10 per share on Broadcom's common stock.
  • 4The common stock dividend is payable on March 31, 2022, to shareholders of record as of March 22, 2022.
  • 5A quarterly cash dividend of $20.00 per share was declared on the 8.00% Mandatory Convertible Preferred Stock, Series A.
  • 6The preferred stock dividend is payable on March 31, 2022, to shareholders of record as of March 15, 2022.
  • 7The information furnished under Item 2.02 and the press release are not treated as filed for purposes of the Securities Exchange Act of 1934.

Frequently Asked Questions

The detailed financial results are provided in the press release issued by Broadcom Inc. dated March 3, 2022, which is attached as Exhibit 99.1 to this 8-K filing. Investors should review this press release for specific revenue, earnings, and other financial performance data.

Broadcom declared a quarterly cash dividend of $4.10 per share on its common stock. This dividend will be paid on March 31, 2022, to common stockholders of record as of the close of business on March 22, 2022.

A quarterly cash dividend of $20.00 per share has been declared on the 8.00% Mandatory Convertible Preferred Stock, Series A. This dividend is payable on March 31, 2022, to holders of record as of the close of business on March 15, 2022.

No, the information provided under Item 2.02 of this report, including the press release attached as Exhibit 99.1, is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.