Cisco Dividend 2024 Record Date, Payout Date, Share Price, History

News: Investors often keep a close eye on dividends when evaluating stocks. Cisco Systems, Inc. (NASDAQ: CSCO), a technology giant, has a long history of paying dividends to its shareholders. In this article, we’ll delve into Cisco’s dividend details for 2024, including record dates, payout dates, and share price history.

Understanding Dividends

Before we dive into the specifics, let’s quickly review what dividends are. A dividend is a portion of a company’s profits that it distributes to its shareholders. It’s like a little bonus for owning shares in the company. Dividends are typically paid out regularly, often quarterly.

Cisco’s Dividend Timeline for 2024

Here are the key dates related to Cisco’s dividends in 2024:

1. Declaration Date: On February 14, 2024, Cisco announced a dividend of $0.40 per share.

2. Ex-Date: The ex-dividend date, when new buyers no longer qualify for the upcoming dividend, was April 3, 2024.

3. Record Date: Shareholders who owned Cisco stock on April 4, 2024, were eligible for the dividend.

4. Payment Date: The dividend was paid out on April 24, 2024.

Historical Dividends

Cisco has a consistent track record of rewarding its investors. Here are some recent dividend payments:

1. November 15, 2023: Dividend of $0.39 per share.

2. August 16, 2023: Dividend of $0.39 per share.

3. May 17, 2023: Dividend of $0.39 per share.

Share Price and Dividend Yield

Cisco’s annual dividend amounts to $1.56 per share. As of now, the forward yield stands at 3.14%. Keep in mind that dividend yields can fluctuate based on stock prices and company performance.

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About Cisco Company :

Cisco Systems, Inc., commonly known as Cisco, is an American multinational technology conglomerate headquartered in San Jose, California. Let’s explore more about this influential company:

What Is Cisco?

Cisco is a global leader in networking technologies and one of the most prominent technology brands worldwide. Here are some key points about Cisco:

1. Core Business: Cisco develops, manufactures, and sells a wide range of networking hardware, software, telecommunications equipment, and other high-technology services and products.

2. Industry Impact: Although Cisco primarily sells its products to other businesses, it has played a crucial role in shaping the digital landscape. Its innovations have significantly impacted how we connect, communicate, and collaborate in the modern world.

3. Portfolio: Cisco offers an industry-leading portfolio of technology solutions, including:

• Networking: Cisco’s networking products enable secure and efficient communication across organizations and communities.

• Security: The company provides robust security solutions to protect data, networks, and devices.

• Collaboration: Cisco’s collaboration tools facilitate seamless communication and teamwork.

• Cloud Management: Cisco helps manage cloud resources effectively.

4. History: Founded in 1984, Cisco has consistently evolved to meet the changing needs of the tech industry. Its commitment to innovation and reliability has made it a trusted partner for businesses worldwide.

5. Purpose-Driven: Driven by its purpose, Cisco combines technology, people, and broader networks to address society’s greatest challenges. The company actively works toward closing the digital divide, promoting equality, and building a regenerative planet.

Why Cisco Matters

1. Stability: Cisco’s consistent performance and long-standing reputation make it a stable choice for investors.

2. Innovation: The company continues to innovate, adapting to emerging trends and technologies.

3. Global Reach: With a presence in various countries, Cisco’s impact extends across borders.

Investors looking for stable income often appreciate dividends. Cisco’s consistent dividend payments make it an attractive choice for income-seeking investors. Remember to stay informed about upcoming dividend dates and consider them when making investment decisions.

FAQs

1. What is a Rights Issue?

A Rights Issue is a method for a company to raise funds by offering its current shareholders the opportunity to buy additional shares at a discounted price.

2. How can I take part in South Indian Bank’s Rights Issue?

To participate in South Indian Bank’s Rights Issue, you must be an existing shareholder. You will receive a letter of offer containing instructions on how to exercise your rights to purchase additional shares.

3. What advantages come with participating in a Rights Issue?

Engaging in a Rights Issue allows current shareholders to expand their ownership in the company at a lower cost. This has the potential to enhance their overall investment returns over the long term.