5 Best Income Stocks To Invest In

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In this article, we discuss 5 best income stocks to invest in. If you want to read our detailed analysis of income stocks and the performance of dividend stocks over the years, go directly to read 14 Best Income Stocks To Invest In

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 72

Broadcom Inc. (NASDAQ:AVGO) is an American semiconductor manufacturing company that also specializes in infrastructure software products. Benchmark initiated its coverage on a stock with a Buy rating in April with a $770 price target, highlighting the company’s diverse set of products.

On March 2, Broadcom Inc. (NASDAQ:AVGO) declared a quarterly dividend of $4.60 per share, which was in line with its previous dividend. The company has a 12-year run of raising its dividends consistently, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 2.96%, as of April 25.

At the end of December 2022, 72 hedge funds tracked by Insider Monkey reported having stakes in Broadcom Inc. (NASDAQ:AVGO), compared with 74 in the previous quarter. The collective value of these stakes is roughly $4 billion.

Aristotle Atlantic Partners, LLC mentioned Broadcom Inc. (NASDAQ:AVGO) in its Q4 2022 investor letter. Here is what the firm has to say:

“Broadcom Inc. (NASDAQ:AVGO) contributed to performance in the quarter following the company’s solid fourth quarter 2022 results. This was driven by better-than-expected results in both its semiconductor solutions, networking and storage segments. The company also provided first quarter guidance that was ahead of consensus as well as 2023 commentary that expects earnings momentum to continue due to a strong product cycle.”

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