Cisco Systems, Inc. (NASDAQ:CSCO) Increases Dividend to $0.42 Per Share

Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.42 per share by the network equipment provider on Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, April 2nd. This is a 2.4% increase from Cisco Systems’s previous quarterly dividend of $0.41.

Cisco Systems has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 13 years. Cisco Systems has a payout ratio of 40.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Cisco Systems to earn $3.21 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 51.1%.

Cisco Systems Stock Down 9.5%

Shares of NASDAQ CSCO opened at $77.42 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The firm has a market cap of $305.87 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 3.26 and a beta of 0.87. The business’s 50 day moving average is $77.91 and its two-hundred day moving average is $72.99. Cisco Systems has a 52-week low of $52.11 and a 52-week high of $88.18.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period last year, the business earned $0.94 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Research analysts predict that Cisco Systems will post 3.04 EPS for the current year.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.