Cisco Systems, Inc. (NASDAQ:CSCO) Announces $0.42 Quarterly Dividend

Cisco Systems, Inc. (NASDAQ:CSCO) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, July 6th will be given a dividend of 0.42 per share by the network equipment provider on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, July 6th.

Cisco Systems has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Cisco Systems has a payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cisco Systems to earn $3.71 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 45.3%.

Cisco Systems Trading Up 2.6%

CSCO stock opened at $101.87 on Thursday. The company has a market cap of $402.38 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.73 and a beta of 0.92. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $83.93 and a 200-day simple moving average of $79.36. Cisco Systems has a 52 week low of $60.85 and a 52 week high of $102.01.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The business had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, equities research analysts expect that Cisco Systems will post 3.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. HSBC upped their price objective on Cisco Systems from $74.00 to $77.00 and gave the stock a “hold” rating in a report on Friday, February 13th. JPMorgan Chase & Co. increased their price target on Cisco Systems from $95.00 to $96.00 in a report on Monday. UBS Group increased their price target on Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Argus upgraded Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Finally, Evercore increased their price target on Cisco Systems from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.29.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.