Broadcom announces quarterly cash dividend

Semiconductor provider Broadcom has announced that it will pay its next quarterly cash dividend of $0.08 (£0.06) per share to holders of the company’s common stock.

The dividend was declared by the board of directors and will be paid on 21 June 2010 to holders of the record of the company’s Class A and Class B common stock at the close of business on 4 June 2010.

The declared dividend will be paid from US domestic sources other than the company’s retained earnings and will be treated for accounting purposes as a reduction of shareholders’ equity.