5 Best Performing Dividend Stocks in 2023

4. Broadcom Inc. (NASDAQ:AVGO)

Year-to-Date Returns as of October 27: 49.3%
Number of Hedge Fund Holders: 72

Broadcom Inc. (NASDAQ:AVGO) is an American global tech company that offers related products and services to its consumers. The company has been raising its dividends consistently for the past 12 years and currently pays a quarterly dividend of $4.60 per share. The stock’s dividend yield on October 27 came in at 2.21%. Since the start of 2023, AVGO has delivered a 49.3% return to shareholders, becoming one of the best-performing stocks this year.

As of the end of Q2 2023, 72 hedge funds in Insider Monkey’s database reported having stakes in Broadcom Inc. (NASDAQ:AVGO), worth collectively nearly $4.2 billion.

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