Avago authorizes 29c interim dividend Avago has approved a quarterly, interim cash dividend of 29c per ordinary share. The dividend is payable on June 30 to shareholders of record at the close of business, 5:00 p.m. Eastern Time on June 19.
Avago price target raised to $109 from $99 at RBC Capital RBC Capital increased its price target on Avago (AVGO) based on strong sales of Apple's (AAPL) iPhone. The firm also notes that three other RF-based semiconductor companies recently reported strong results. The firm keeps an Outperform rating on Avago.