10 High Growth Dividend Paying Stocks To Invest In

3. Broadcom Inc. (NASDAQ:AVGO)

5-Year Revenue Growth: 19.19%

Broadcom Inc. (NASDAQ:AVGO) is an American semiconductor company that offers a wide range of semiconductor and infrastructure software products. The company stands out from other semiconductor companies due to its unique combination of a fast-growing AI segment, a well-established networking business, and a vast infrastructure software division, which it expanded through the acquisition of VMware. The company’s semiconductor division offers a wide range of solutions, including networking, server storage, broadband, wireless, and industrial products, serving enterprise clients, hyperscale data centers, and residential customers.

In the first quarter of 2025, Broadcom Inc. (NASDAQ:AVGO) reported a revenue of $14.9 billion, which showed a 24.7% growth from the same period last year. The revenue beat analysts’ estimates by $325.2 million. The company’s revenue and adjusted EBITDA were fueled by strong performance in both AI semiconductor solutions and infrastructure software. During the quarter, AI revenue surged by 77% year-over-year to reach $4.1 billion, while infrastructure software revenue increased by 47% year-over-year, totaling $6.7 billion.

Broadcom Inc. (NASDAQ:AVGO)’s cash position also remained strong. It generated over $6.1 billion in operating cash flow, and its free cash flow amounted to over $6 billion. The free cash flow represented 40% of the company’s revenue. During the quarter, it returned $2.77 billion to shareholders through dividends, highlighting its commitment to shareholders. Currently, it pays a quarterly dividend of $0.59 per share and has a dividend yield of 1.49%, as of April 8.