10 Technology Dividend Aristocrats to Buy in 2025

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is among the best dividend aristocrat stocks in the tech sector. The stock’s value has grown significantly in recent years thanks to its leadership in global connectivity and the rising demand for artificial intelligence (AI).

Broadcom Inc. (NASDAQ:AVGO)  serves multiple end markets such as cloud infrastructure, networking, cybersecurity, storage, broadband, wireless, and hyperscale data centers. Its late 2023 acquisition of VMware further expanded its presence in infrastructure software.

Broadcom Inc. (NASDAQ:AVGO)’s core operations, including VMware, generate stable and consistent cash flow. Alongside its strong position in tech, the company also stands out as a reliable dividend stock, offering both income and growth potential.

The company’s solid cash position supports its ability to continue raising dividends. In the first quarter, it generated $6.1 billion in operating cash flow and, after $100 million in capital spending, reported $6 billion in free cash flow, equal to 40% of revenue. Broadcom Inc. (NASDAQ:AVGO) paid out $2.77 billion in dividends during the quarter, at $0.59 per share, marking 14 consecutive years of dividend growth. AVGO has a dividend yield of 0.94%, as of June 22.