Broadcom Stock Yields Just 0.68%. But the Dividend Has Seen Explosive Growth

Despite a low current dividend yield of 0.68%, Broadcom has raised its dividend for 15 consecutive years with nearly 13-fold growth over the past decade. The company's strong free cash flow generation ($10.3B in Q2 2026, representing 46% of revenue) and accelerating AI semiconductor business (up 143% YoY) provide substantial room for continued dividend growth. However, the stock trades at 64x earnings, pricing in continued AI momentum rather than dividend income.