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.