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10 Dividend Stocks Increasing Payouts

Stocks in this article: BP TWX BRCM ADM HIG LTD MAT UPS AET AVP DVY DLN VZ JNJ MRK KFT SDY IDV VIG

Broadcom

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Broadcom (BRCM)

Company Profile : Irvine, Calif.-based Broadcom is a provider of semiconductors for wired and wireless communications.

Broadcom raised its dividend by a penny per share to 9 cents. It will be paid on March 7 to holders of Class A and Class B common shares on Feb. 18, bringing Broadcom's yield to around 0.8%.

The company also announced a $300 million share-repurchase plan as it beat expectations with record fourth-quarter results. Broadcom's revenue came in 45.5% higher at $1.95 billion ; adjusted profits spiked 27.1% to 75 cents per share.

"Our record results, powerful balance sheet and strong operating cash flow enable us to increase our dividend by 12.5% and accelerate share repurchases," Broadcom CEO Scott McGregor said in a statement.

Broadcom's results came hot on the heels of strong results from rival Qualcomm (QCOM), which has been reaping the benefits of strong smartphone sales . Both chipmakers provide yet more evidence of a robust IT spending environment.

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