On Wednesday, February 12th the Board of Directors of Cisco Systems, Inc. (CSCO) announced a quarterly dividend increase of from $0.40 to $0.41 per share that’s payable April 23, 2025 to holders of record April 3, 2025. This represents a 2.50% increase over the last quarterly dividend.
Cisco's board of directors has also approved a $15 billion increase to the authorization of the stock repurchase program. There is no fixed termination date for the repurchase program. The remaining authorized fixed amount for stock repurchases including the additional authorization is approximately $17 billion.
At the current price of $63.84 (yesterday's close), this increase will raise CSCO's dividend yield to 2.57%.
Cisco is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.6, 2.7, 2.9 and 7.9 (Dividend Champions.xls)
As an owner of 195 shares of CSCO, the recent dividend increase adds $5.81 to my projected annual net dividend income.
The increase was again the same as in previous years, so it was in line with my expectations.
This recent dividend increase marks the ninth consecutive raise I’ve received from Cisco Systems since I acquired my first shares in March 2016. Over this time, the quarterly dividend has grown from $0.26 to $0.41 per share, representing a 57.7% increase.
The moment of writing, CSCO’s weight of my portfolio is about 1.59% and its share of future annual dividend income is approximately 0.97%.
Following this increase, my yield on cost is 5.59%.
Summary of 2025 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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