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Is Broadcom Inc. AVGO the Most Reliable Dividend Stock to Buy According to Hedge Funds?

January 15, 2025
Broadcom Inc., also known as AVGO, has been gaining attention from hedge funds due to its reliability as a dividend stock. According to a recent report by Yahoo Finance, AVGO has consistently delivered strong dividends, making it a top choice for investors looking for stable income. Hedge funds have taken notice and are placing their bets on AVGO. One such firm, Matrix Trust Co, has a stake of 3.08 million shares in AVGO, as reported by NASDAQ. This not only highlights the confidence hedge funds have in AVGO but also strengthens its position in the market. Jim Cramer, a renowned financial expert, also shares his positive outlook on AVGO, stating that it's not too late to get on board. With its strong dividend performance and endorsement from experts, AVGO continues to be an attractive investment option. For a professional forecast of AVGO's stock movement, investors are recommended to consult Stocks Prognosis.
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