Avago Hikes Quarterly Dividend - Analyst Blog
2013年3月18日 - 8:10PM
Zacks
Avago Technologies
Limited (AVGO), a leading semiconductor manufacturer,
recently announced an 11.8% year-over-year hike in its dividend
payout to a quarterly payment of 19 cents per share or 76 cents on
an annualized basis. The second quarter fiscal 2013 dividend is
payable in cash on Apr 4 to shareholders of record as of Mar
25.
Based on the closing price of $36.00 on Mar 15, 2013, the proposed
dividend affirms a yield of 2.1%. A steady dividend payout is part
of the long-term strategy of Avago to provide attractive
risk-adjusted returns to its stockholders. In addition, decent
dividend increases at periodic intervals have been one of the
company’s most attractive features.
Avago had earlier raised the quarterly dividend payout from 16
cents to 17 cents per share or from 64 cents to 68 cents on an
annualized basis in Dec 2012. Prior to that, Avago raised its
quarterly dividend three times in 2012 – in September (from 15
cents to 16 cents per share), in June (from 13 cents to 15 cents),
and in March (from 12 cents to 13 cents).
The company also has a share repurchase program in place, under
which it repurchased shares worth $132 million in first quarter
fiscal 2013. Over the years, Avago has consistently returned
significant cash to its shareholders through dividends and share
repurchases.
With an expertise in compound semiconductor design and processing,
Avago is a premier designer, developer and global supplier of a
broad range of analog, mixed signal and optoelectronics components
and subsystems. The company boasts over 4,200 patents serving three
primary target market segments: wireless communications, wired
infrastructure, and industrial and other.
Avago faces stiff competition from other players in the market such
as Cabot Microelectronics Corporation (CCMP),
Rambus Inc. (RMBS) and PLX Technology
Inc. (PLXT) , each carrying Zacks Rank #1 (Strong Buy).
However, Avago presently has a Zacks Rank #3 (Hold).
AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report
CABOT MICROELEC (CCMP): Free Stock Analysis Report
PLX TECH INC (PLXT): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
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