Avago Tech (AVGO) Declares $0.09 Quarterly Dividend; Announces Buyback of 10% of Outstanding Shares

Avago Tech (NASDAQ: AVGO) declared a quarterly dividend of $0.09 per share, or $0.36 annualized.

The dividend will be payable on June 30, 2011, to stockholders of record on June 17, 2011, with an ex-dividend date of June 15, 2011.

The annual yield on the dividend is 1.1 percent.

The Company also announced that it was given approval by the board to purchase up to 10% of its outstanding ordinary shares prior to the date of the Company’s 2012 annual general meeting.

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