Cisco Systems Ex-Dividend Date 2024, Share Price, History, Record Date and More

News: Investing in stocks involves understanding various aspects of a company, including its dividends and share price. In this article, we’ll delve into Cisco Systems, a well-known technology company, and explore its dividend history, ex-dividend dates, and share price trends.

Cisco Systems Overview

Cisco Systems (ticker symbol: CSCO) is a global leader in networking and communication technology. The company provides solutions for networking hardware, software, and services. As an investor, it’s essential to keep an eye on Cisco’s financial health, including its dividends.

Dividend Basics

What is a Dividend?

A dividend is a portion of a company’s profits distributed to its shareholders. It’s like a reward for owning the company’s stock. Companies typically pay dividends regularly, often on a quarterly basis.

Cisco’s Dividend Yield

Cisco Systems currently offers a dividend yield of 3.30%. This means that for every dollar invested in Cisco stock, you can expect an annual dividend of $0.033. Not bad, right?

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Dividend Payment Schedule

Cisco Systems pays dividends quarterly to its shareholders. The most recent dividend payment was $0.39 per share on January 24, 2024. The next dividend payment of $0.40 per share is scheduled for April 24, 2024.

Dividend Growth and Track Record

Cisco Systems has an impressive track record of 12 consecutive years of dividend increases. Over the past three years, the company’s dividend has grown by an average of 2.72% annually.

Dividend Payout Ratio

The dividend payout ratio indicates the percentage of earnings a company pays out as dividends. For Cisco, the current payout ratio is approximately 48.63% based on trailing earnings.

Share Price and Ex-Dividend Dates

Share Price

Cisco’s current share price is $48.44 per share. Keep in mind that share prices can fluctuate due to market conditions, company performance, and industry trends.

Ex-Dividend Dates

The ex-dividend date is crucial for investors. It’s the date when a stock starts trading without the upcoming dividend. Cisco Systems’ next ex-dividend date is April 3, 2024. If you buy shares before this date, you’ll be eligible for the next dividend payment.

Understanding dividends and share prices is essential for making informed investment decisions. Cisco Systems’ consistent dividend track record and reasonable yield make it an attractive choice for income-seeking investors. Keep an eye on ex-dividend dates and consider adding Cisco to your investment portfolio.

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FAQs

Q: How frequently does Cisco Systems announce dividends?

A: Cisco Systems consistently declares dividends, underscoring their dedication to rewarding shareholders.

Q: What is the market value of Cisco Systems?

A: Cisco Systems boasts a significant market capitalization of $196.83 billion, showcasing its prominence in the technology sector.

Q: What is the dividend yield provided by Cisco Systems?

A: Cisco Systems presents a dividend yield of 3.30%, making it an appealing option for investors seeking regular income.