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.