I opened a new position with the purchase of Broadcom Limited (AVGO)
12 shares @ $227.56 on 12/10/2018.
This increases my forward 12-month dividend income by $127.20 to a total of $7,250.00
I also updated my portfolio page to reflect the change.
The most recent dividend increase of 51.4%. 5-year dividend growth rate of 51.13%. A dividend payout ratio of only 46.13% based on 2018 earnings were the next three years earnings projected to grow at a rate of 11%. Currently having a dividend yield of 4.53%.
What is there not to love from Broadcom!!
I was able to pick up more shares of this company with my most recent sell. In that post, I talked about why I sold The Clorox Company and moved all the capital to AVGO.
As you read above, its no wonder why I sold out of Clorox.
I find AVGO to be undervalued, and I recommend it as a BUY at this time. I have a fair value price at $326.40. This means that AVGO is 36.10% Undervalued based on today’s price of $239.81 (12/26/2018).
What do you think of the company? Plan on owning it or already do? or why not?
Image by Sira Anamwong at FreeDigitalPhotos.net