Friday, February 14, 2020

Dividend Increase – Cisco Systems, Inc. (CSCO)

Wednesday, February 12, the Board of Directors of Cisco Systems, Inc. announced a quarterly dividend increase from $ 0.35 to $ 0.36 per share that’s payable April 22, 2020 to holders of record April 3, 2020. This represents a 2.86% increase to the last quarterly dividend.

"We executed well this quarter by delivering strong margins and EPS growth while driving more software and subscriptions," said Kelly Kramer, CFO of Cisco. "Our increased dividend shows confidence in the strength of our ongoing cash flows and demonstrates our commitment to shareholder return."

With current price $ 47.32 (yesterday's close), this raise brings their dividend yield to 3.04 %.

Since I own 185 shares of CSCO, this will increase my portfolio's projected annual net dividend income by $ 5.51.

This increase raises my YOC to 5.02%.

Summary of 2020 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long CSCO

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