Broadcom Corporation Planned to Announce its Dividend – NASDAQ: BRCM

Recently Broadcom Corporation NASDAQ: BRCM announced on November 19th Friday
that company will pay its next quarterly cash dividend of $0.08 to the
company's common stock holders. According to company officials the dividend
was declared by the board of directors on November 11 and will be paid on
December 13. The performance in the trading session closed at November 19, 2010
of Broadcom Corporation NASDAQ: BRCM resulted in a surge of 2.90% with the
closing price of $43.22. The overall volume in the last trading session was
12.02 million shares. Its fifty two week range was $26.40- $43.38. The total
market capitalization remained $ 22.12 billion. BRCM is scheduled to announce
its earnings report on 4th February 2011. In the last trading session of
November 19th BRCM stock price hit a new 52-week high at $43.38 which is higher
than its previous stock price 52-week high of $42.70 attained on November 08,
2010. Since the start of this month company got significant growth in its share
price as well as volume. On first of November BRCM was being traded at $40.80
while the volume was 8.36 million shares. The condition continuously got better
and not only achieved two major 52-week highs in this month but also got high in
share volume at 12.79 million shares on November 04, 2010. The condition got
strengthened after the dividend announced. With a positive outlook BRCM share
price is currently ahead of its 20 days moving average of 5.72% and 50 days
moving average of 15.09%. Its share price volatility for the last month was
2.56%. In the share capital BRCM has 511.70 million shares outstanding out of
which 455.43 million have been floated into the market. Analysts recommended a
hold signal for BRCM stock with their rating given to 2.40. Broadcom Corporation
(Broadcom) is a provider of semiconductors for wired and wireless
communications. Broadcom provides a portfolio of system-on-a-chip (SoC)
solutions to manufacturers of computing and networking equipment and, broadband
access products and mobile devices. Its product portfolio includes solutions for
the home (Broadband Communications), solutions for the hand (Mobile and
Wireless) and solutions for network infrastructure (Enterprise and Networking).