Posts

Broadcom Is Up 30% But Still The Best High-Yield Tech Blue Chip You Can Buy In 2020 by Brad Thomas

avatar of @leo.syndication
25
leo.syndication
@leo.syndication
·
0 views
·
2 min read

Summary

  • Brilliant management has built a cash-minting machine.
  • One of the most dividend-friendly corporate cultures in the sector.
  • Valuation remains attractive, creating strong double-digit return potential.
  • This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Get started today »

This article was co-produced with Dividend Sensei.

You may recall that I recently steered away from REIT-dom to provide a research report on blue chip player Cisco Systems (CSCO). As I explained, "this research is also helpful for me as a REIT analyst, as I cover technology sectors such as data centers and cell towers."

In addition, as a founding member of the Dividend Kings and iREIT on Alpha, there's nothing I love more than pointing out safe sources of generous yield, especially yields that are growing consistently at double digits over time.

Photo Source

A Blue Chip Buy, Here's Why...

Broadcom Inc. (AVGO) is one of our favorite tech stocks thanks to its combination of high-quality (9/11 blue chip), rapid growth potential, excellent management, and a very dividend-friendly corporate culture.

Wall Street loves Broadcom as well. In fact, over the past decade, Broadcom was the second best performing tech stock, delivering nearly 2,000 total returns.

(Source: Ben Carlson)

Broadcom Total Return Since 2010

(Source: Portfolio Visualizer) portfolio 1 = AVGO

Broadcom has truly been a wealth and income compounding machine over the past decade, and recently it has surged 32% off its May 2019 trade freak out lows.

...Originally Posted On Seeking Alpha

Author Bio:

Steem Account: @bradthomas Twitter Account: rbradthomas

Steem Account Status: Unclaimed***

Are you Brad Thomas? If so, you have a Steem account that is unclaimed with pending cryptocurrency rewards sitting in it from your content. Your account was reserved by the Steemleo team and is receiving the rewards of all posts syndicated from your content on other sites.

If you want to claim this account and the rewards that it has been collecting, please contact the Steemleo team via twitter or discord to claim the account. You can also view the rewards currently sitting in the account by visiting the wallet page for this account.

What is Steemleo Content Syndication?

The Steemleo community is syndicating high-quality financial content from across the internet. We're also creating free Steem accounts for the authors of that content who have not yet discovered the Steem blockchain as a means to monetizing their content and we're listing those accounts as the 100% beneficiaries to all the rewards. If you want to learn more about Steemleo's content syndication strategy, click here.