Broadcom Board of Directors Declare Quarterly Dividend

^{Published on 2011-11-09 13:24:32 - Market Wire}
 

Broadcom Board of Directors Declare Quarterly Dividend -- IRVINE, Calif., Nov. 9, 2011 /PRNewswire/ --

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IRVINE, Calif., Nov. 9, 2011 /PRNewswire/ -- Broadcom Corporation (NASDAQ: [ BRCM ]), a global leader and innovator in semiconductor solutions for wired and wireless communications, today announced it will pay its next quarterly cash dividend of $.09 per share to holders of the Company's common stock.

The dividend was declared by the Board of Directors on November 9, and will be paid to holders of record of the Company's Class A and Class B common stock at the close of business on December 19, 2011.  The dividend so declared will be paid from U.S. domestic sources other than the Company's retained earnings and will be treated for accounting purposes as a reduction of shareholders' equity.

Broadcom's cash dividend policy and the payment of future cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends thereunder are in the best interests of Broadcom's shareholders and are in compliance with all laws and agreements of Broadcom applicable to the declaration and payment of cash dividends.

Cautions Regarding Forward-Looking Statements

All statements included in this release, other than statements or characterizations of historical fact, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

Broadcom's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.

About Broadcom

Broadcom Corporation (NASDAQ: [ BRCM ]), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to [ www.broadcom.com ].

Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU.  Any other trademarks or trade names mentioned are the property of their respective owners.

SOURCE Broadcom Corporation; BRCM Corporate

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