Cisco Systems, Inc. recently announced a quarterly dividend of $0.40 per share for shareholders of record on July 5, with a payment date set for July 24. This marks an annualized dividend of $1.60 and a 3.40% yield. The company has increased its dividend payout by an average of 2.7% per year over the past three years and has consistently raised its dividend for 13 years. With a dividend payout ratio of 45.2%, Cisco’s earnings can cover the dividend. Analysts predict that the company will earn $2.90 per share next year, with a future payout ratio of 55.2%.
Cisco Systems’ shares fell by 0.4%, opening at $47.09 on Thursday. The company’s financial metrics include a current ratio of 0.89, a quick ratio of 0.82, and a debt-to-equity ratio of 0.44. Cisco Systems has had a 12-month low of $44.95 and a high of $58.19, with a market capitalization of $189.72 billion. The company reported $0.88 earnings per share in the last quarter, beating estimates. Analysts expect earnings per share of $3.14 for the current year.
In terms of internal activity, CEO Charles Robbins recently sold 26,331 shares of Cisco stock, while senior vice president Maria Victoria Wong sold 3,378 shares. Notably, insiders have collectively sold 41,106 shares valued at $1,908,923 over the past 90 days. Analysts have provided varied ratings on CSCO stock, with an average target price of $56.47.
Cisco Systems, Inc. designs and sells Internet Protocol-based networking products worldwide. The company’s product offerings include switching, routing, wireless, and computing portfolios. Cisco aims to deliver secure and reliable connectivity for various networks and industries. Thinking of investing in Cisco Systems? Sign up for MarketBeat.com’s free daily email newsletter for the latest news and ratings on CSCO and related companies.
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