Cisco Systems, Inc. (CSCO) to Issue Quarterly Dividend of $0.42 on April 22nd

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) dividend on an annualized basis and a 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 payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 13 years. Cisco Systems has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cisco Systems to earn $3.21 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 52.3%.

Cisco Systems Trading Down 3.6%

Shares of CSCO stock opened at $77.04 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $79.01 and a two-hundred day moving average price of $75.41. Cisco Systems has a 12-month low of $52.11 and a 12-month high of $88.18. The firm has a market cap of $304.30 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 3.02 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. Equities analysts anticipate that Cisco Systems will post 3.04 EPS for the current fiscal year.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the sale, the executive vice president owned 188,613 shares of the company’s stock, valued at $15,040,000.62. This represents a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 11,248 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $854,848.00. Following the completion of the sale, the insider directly owned 262,776 shares in the company, valued at approximately $19,970,976. This trade represents a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 46,431 shares of company stock valued at $3,574,820. 0.01% of the stock is currently owned by insiders.

Institutional Trading of Cisco Systems

Large investors have recently modified their holdings of the business. Smithfield Trust Co grew its stake in Cisco Systems by 0.3% in the 4th quarter. Smithfield Trust Co now owns 33,666 shares of the network equipment provider’s stock worth $2,596,000 after acquiring an additional 117 shares in the last quarter. Main Management ETF Advisors LLC increased its position in shares of Cisco Systems by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 12,528 shares of the network equipment provider’s stock worth $965,000 after acquiring an additional 128 shares during the period. First Commonwealth Financial Corp PA raised its stake in shares of Cisco Systems by 0.9% during the fourth quarter. First Commonwealth Financial Corp PA now owns 13,656 shares of the network equipment provider’s stock valued at $1,052,000 after acquiring an additional 128 shares in the last quarter. Cairn Investment Group Inc. boosted its holdings in shares of Cisco Systems by 0.5% in the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock valued at $1,860,000 after purchasing an additional 130 shares during the period. Finally, Juncture Wealth Strategies LLC boosted its holdings in shares of Cisco Systems by 0.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after purchasing an additional 132 shares during the period. 73.33% of the stock is owned by institutional investors.

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.