Summary
Broadcom Inc. (AVGO) filed an 8-K on May 26, 2022, primarily to announce its second fiscal quarter financial results for the period ending May 1, 2022. While the full financial details are within the attached press release (Exhibit 99.1), the filing itself signals the company's regular reporting cadence. Investors should refer to the press release for specific revenue, earnings per share, and forward-looking guidance. In addition to financial results, the report disclosed the declaration of two quarterly cash dividends. A dividend of $4.10 per share was declared for common stock, payable on June 30, 2022, to shareholders of record on June 22, 2022. Furthermore, a dividend of $20.00 per share was declared for the 8.00% Mandatory Convertible Preferred Stock, Series A, also payable on June 30, 2022, to preferred shareholders of record on June 15, 2022. These dividend announcements indicate a continued commitment to returning capital to shareholders.
Key Highlights
- 1Announcement of unaudited financial results for the second fiscal quarter ended May 1, 2022.
- 2Press release detailing financial results is attached as Exhibit 99.1.
- 3Declaration of a quarterly cash dividend of $4.10 per share for common stock.
- 4Declaration of a quarterly cash dividend of $20.00 per share for 8.00% Mandatory Convertible Preferred Stock, Series A.
- 5Both common and preferred stock dividends are payable on June 30, 2022.
- 6Indicates a consistent dividend payout policy for both common and preferred shareholders.