5 Best Income Stocks To Invest In

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 87

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company currently pays a quarterly dividend of $4.60 per share and has a dividend yield of 1.89%, as of November 23. It is one of the best dividend stocks on our list as the company has raised its dividend for 12 years in a row.

Broadcom Inc. (NASDAQ:AVGO) was a part of 87 hedge fund portfolios at the end of Q3 2023, up significantly from 72 in the previous quarter, according to Insider Monkey’s database. The collective value of stakes owned by these hedge funds is nearly $6.2 billion.

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