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
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