Cisco Systems, Inc. (CSCO) to Issue Quarterly Dividend of $0.40 on January 22nd

Cisco Systems, Inc. (NASDAQ:CSCO) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.40 per share by the network equipment provider on Wednesday, January 22nd. This represents a $1.60 annualized dividend and a dividend yield of 2.76%.

Cisco Systems has increased its dividend by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Cisco Systems has a dividend payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cisco Systems to earn $3.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 51.0%.

Cisco Systems Stock Performance

Shares of CSCO opened at $57.92 on Friday. The firm has a fifty day moving average of $53.82 and a 200-day moving average of $49.64. The company has a market cap of $231.14 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 4.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. Cisco Systems has a 1 year low of $44.50 and a 1 year high of $59.38.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Cisco Systems had a return on equity of 25.62% and a net margin of 17.73%. The business had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Cisco Systems will post 2.89 earnings per share for the current year.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 22,309 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $50.00, for a total value of $1,115,450.00. Following the transaction, the chief financial officer now owns 293,184 shares in the company, valued at $14,659,200. The trade was a 7.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the sale, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,924 shares of company stock valued at $1,798,131. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of several recent analyst reports. UBS Group increased their price target on Cisco Systems from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Bank of America raised their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Hsbc Global Res upgraded Cisco Systems to a “strong-buy” rating in a research report on Friday, August 16th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $59.42.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.