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Benzinga
  • 2 years ago
Broadcom's board of directors has approved a 10-for-1 forward stock split. Shareholders of record as of July 11 will receive nine additional shares for each share owned after the market close on July 12. The stock will begin trading on a split-adjusted basis on July 15. Broadcom reported strong second quarter results, with revenue jumping 43% year-over-year and adjusted EPS increasing 6%, driven by strong demand for AI products. Broadcom stock has gained 34% year-to-date in 2024 and has outperformed the S&P 500 over the past five years.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Broadcom's Board of Directors has approved a 10-for-1 forward stock split.
00:06 Shareholders of record as of July 11 will receive 9 additional shares for each share
00:11 they owned after the market closed on July 12. The stock will begin trading on a split-adjusted
00:16 basis on July 15. Broadcom reported strong second quarter results with revenue jumping
00:20 43% year-over-year and adjusted EPS increasing 6% driven by strong demand for AI products.
00:27 Broadcom's stock has gained 34% year-to-date in 2024 and has outperformed the S&P 500 over
00:33 the past five years. For all things money, visit Benzinga.com.
00:36 [BLANK_AUDIO]
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