
Cisco Systems, Inc. (NASDAQ:CSCO) to Issue Quarterly Dividend of $0.41

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Cisco Systems, Inc. (NASDAQ:CSCO) has declared a quarterly dividend of $0.41 per share, payable on October 22nd to shareholders of record as of October 3rd. This represents an annualized dividend yield of 2.3%. The company has a payout ratio of 40.8%, indicating strong earnings coverage for the dividend. Cisco's stock recently traded down 1.5% to $70.32, with analysts projecting earnings of $3.21 per share for the next year, supporting the sustainability of the dividend.
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