Goldman Sachs Dividend Stocks: Top 5 Stock Picks

2. Broadcom Inc. (NASDAQ:AVGO)

Goldman Sachs’ Stake Value: $1,967,842,751
Dividend Yield as of August 16: 2.17%

Broadcom Inc. (NASDAQ:AVGO) is a global tech company that designs and manufactures a wide range of semiconductor and infrastructure software solutions for various industries. The company has been raising its dividends consistently for the past 12 years, which makes it one of the best Goldman Sachs dividend stocks to consider. It currently offers a quarterly dividend of $4.60 per share with a dividend yield of 2.17%, as of August 16.

At the end of Q2 2023, Goldman Sachs owned an AVGO stake worth nearly $2 billion.

As of the close of Q2 2023, 72 hedge funds in Insider Monkey’s database owned investments in Broadcom Inc. (NASDAQ:AVGO), the same as in the previous quarter. The total value of stakes owned by these elite funds is roughly $4.2 billion.

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