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Recent Buy: Broadcom Limited (AVGO)

ID-100426334 Recent Buy: Broadcom Limited (AVGO)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.

My Thoughts

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).

AVGO-stock-price Recent Buy: Broadcom Limited (AVGO)

Source: Fastgraphs.com

What do you think of the company? Plan on owning it or already do? or why not?

Thanks for reading, and don’t forget to connect with me through Facebook and Twitter to see my latest buys.

Image by Sira Anamwong at FreeDigitalPhotos.net

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