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Cisco (CSCO) declares its first-ever cash dividend, of $0.06/share on a quarterly basis. Shares...

Cisco (CSCO) declares its first-ever cash dividend, of $0.06/share on a quarterly basis. Shares +2.2%. (PR)
Comments (3)
  • adp16
    , contributor
    Comment (1) | Send Message
     
    Big deal. CSCO should be paying 4x that amount. Instead, Chambers will keep our money and continue to squander it away as he has for years. I'll bet my dividend that Chambers is rewarded for this dividend with a block of stock options. What a joke.
    18 Mar 2011, 08:46 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Totally agree. I was expecting a $1/share annual dividend and have mentioned this several times on SA. The past 10 years has been a lost decade for CSCO while Chambers has pursued a various number of hit-and-mostly-miss strategies, all the while getting super rich off the company. He has repeatedly stated that the company's share price is always on his mind. A look at the 10-year chart shows the extent of his mind. Time for Chambers to go.
    18 Mar 2011, 09:19 AM Reply Like
  • tiger8896
    , contributor
    Comments (598) | Send Message
     
    Whoopee do. At this rate, it will take 20 years to recoup the loss I have have on the stock. And thats no guarantee because the announcement implied this might be a one time dividend and any future payouts are pending board approval.

     

    Makes me wonder about the mgt. of this company, if they ever needed a PR boost its now and they should have announced a dividend equal to INTC or MSFT of about 3% and stated their intention of making the payout a regular quarterly one. Pity us CSCO stockholders.
    18 Mar 2011, 12:21 PM Reply Like
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