8-KEarnings & ResultsOther EventsExhibits & Filings

Broadcom Inc. 8-K Report, Financial Results (Sep 1, 2022)

Filed September 1, 2022For Securities:AVGO

Summary

Broadcom Inc. (AVGO) filed an 8-K on September 1, 2022, primarily to report its third fiscal quarter financial results for the period ending July 31, 2022. The filing includes a press release detailing these results, which is furnished and not deemed 'filed' for regulatory purposes. Investors should refer to the attached press release (Exhibit 99.1) for specific financial performance details. Additionally, the 8-K announced the declaration of quarterly cash dividends. A dividend of $20.00 per share was declared for the 8.00% Mandatory Convertible Preferred Stock, Series A, payable on September 30, 2022. Concurrently, a quarterly cash dividend of $4.10 per share was declared for Broadcom's common stock, also payable on September 30, 2022. These dividend announcements provide important information for income-focused investors.

Key Highlights

  • 1Announcement of third fiscal quarter 2022 financial results (ended July 31, 2022) via press release.
  • 2Press release containing financial results is furnished as Exhibit 99.1 and incorporated by reference.
  • 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 common stock and preferred stock dividends are payable on September 30, 2022.
  • 6Record date for preferred stock dividend is September 15, 2022.
  • 7Record date for common stock dividend is September 22, 2022.

Frequently Asked Questions

The detailed financial results are provided in the press release issued by Broadcom Inc. on September 1, 2022, which is attached as Exhibit 99.1 to this 8-K filing and incorporated herein by reference.

Broadcom declared a quarterly cash dividend of $4.10 per share on its common stock and $20.00 per share on its 8.00% Mandatory Convertible Preferred Stock, Series A. Both dividends are payable on September 30, 2022.

The common stock dividend is payable to common stockholders of record as of the close of business on September 22, 2022. The preferred stock dividend is payable to holders of the 8.00% Mandatory Convertible Preferred Stock, Series A, of record as of the close of business on September 15, 2022.

No, the information furnished under Item 2.02 regarding the financial results and the accompanying press release are furnished and not treated as filed for the purposes of the Securities Exchange Act of 1934, as amended.