Cisco Systems, Inc. (NASDAQ:CSCO) to Issue Quarterly Dividend of $0.42

Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Thursday, April 2nd will be given 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 2.0%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 13 consecutive years. Cisco Systems has a payout ratio of 40.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of CSCO opened at $85.54 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $77.91 and its 200 day simple moving average is $72.99. Cisco Systems has a 1-year low of $52.11 and a 1-year high of $88.18. The company has a market cap of $337.98 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.26 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.11 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. On average, research analysts forecast that Cisco Systems will post 3.04 earnings per share for the current fiscal 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.