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Avago Technologies Initiating Dividend Program

Mon, Aug 9, 5:55 PM ET, by eDividendStocks.com

Avago Technologies (AVGO: 22.90 +1.37%) announced today that the company is initiating a quarterly dividend program.

The company's board of directors has approved a quarterly cash dividend of up to $.07 per share.

At $.07 per share, AVGO shares would yield 1.2% based on today's closing price.

The dividend announcement comes as Avago CEO Hock E. Tan rang the NASDAQ opening bell today in Times Square marking the one-year anniversary of trading on the NASDAQ exchange.

Avago's stock price has risen 25% since the beginning of the year and shares were up 1.4% today on light volume.

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