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

Cisco Systems, Inc. (NASDAQ:CSCO) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 2nd will be given a dividend of 0.42 per share by the network equipment provider on Wednesday, October 21st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 2nd.

Cisco Systems has increased its dividend by an average of 0.0%per year 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Cisco Systems to earn $4.00 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 42.0%.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $123.88 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $117.56 and its 200 day moving average price is $98.72. Cisco Systems has a 52 week low of $65.75 and a 52 week high of $130.37. The stock has a market cap of $488.27 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 2.71 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, research analysts forecast that Cisco Systems will post 3.54 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.