The dividend was declared by the Board of Directors on May 5, and will be paid on June 6, 2011 to holders of record of the Company’s Class A and Class B common stock at the close of business on May 20, 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.
