On Sept. 5, Broadcom Inc. (NASDAQ:AVGO) reported stronger-than-expected earnings and sales results for its third quarter.
The company’s quarterly revenue of $13.072 billion, beating analyst estimates of $12.96 billion, according to Benzinga Pro. The semiconductor company reported second-quarter earnings of $1.24 per share, beating analyst estimates of $1.20 per share.
With the recent buzz around Broadcom, some investors may be eyeing potential gains from the company's dividends. As of now, Broadcom has a dividend yield of 1.34%. That’s a quarterly dividend amount of 53 cents a share ($2.12 a year).
To figure out how to earn $500 monthly from Broadcom, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it ...
