$OI 2Q15 PR: Diluted earnings per share for the quarter was $0.25 compared to $0.68 in the same quarter last year. Diluted weighted average shares outstanding for the quarter were 161.9MM compared to 166.258MM in the prior year quarter.
The BoD of $MAA approved a 6% increase in its common dividend for FY17. This dividend increase will raise the annualized dividend payout to $3.48 per share of common stock, an increase of $0.20 per share from the prior dividend level. The quarterly common dividend of $0.87 per share is payable on Jan. 31, 2017 to holders of record on Jan. 13, 2017.
$AVGO's integration with Broadcom is going well and the company has
made progress towards achieving its original target operating model objectives.
Looking forward to a fully integrated Broadcom, $AVGO announced an increase in
its long-term target operating margin from 40% to 45%.