Broadcom Limited (AVGO) will raise its quarterly dividend by 2.0 percent to $0.51 per share. This follows a similar 1 cent per share dividend hike by the semiconductor company in the previous quarter.

Broadcom Limited designs, develops and supplies semiconductor solutions. The company develops semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor, or CMOS, based devices and analog III-V based products. Original equipment manufacturers (OEMs) or their contract manufacturers, and distributors typically account for the substantial majority of the company's semiconductor sales. Broadcom Limited is the successor to Avago Technologies Limited following Avago’s acquisition of Broadcom Corporation (BRCM) on February 1, 2016.