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Broadcom Announces 10 Percent Increase In Quarterly Cash Dividend

30th January 2013

Broadcom

ES Admin

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Broadcom Corporation has revealed that its Board of Directors has approved a 10 percent increase in the quarterly cash dividend to $0.11 per share ($.44 per share on an annual basis) payable to holders of the Company's Class A and Class B common stock. Today's announcement builds on the Company's strategy to return meaningful capital to shareholders.

The $0.11 dividend was declared by the Board of Directors on January 28, 2013 and will be paid on March 4, 2013 to holders of record of the Company's Class A and Class B common stock at the close of business on February 15, 2013.

We are pleased to announce a 10 percent increase in our cash dividend, said Scott McGregor, Broadcom's President and Chief Executive Officer. Broadcom's strong balance sheet and track record of outgrowing peers while delivering solid profitability enable us to reinvest in our businesses while returning capital to our shareholders.

Broadcom's cash dividend policy and the payment of future cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends are in the best interests of Broadcom's shareholders and are in compliance with all laws and agreements of Broadcom applicable to the declaration and payment of cash dividends.