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Cisco (CSCO) bumps its quarterly dividend 21% to $0.17/share. "We are increasing our dividend as...

Cisco (CSCO) bumps its quarterly dividend 21% to $0.17/share. "We are increasing our dividend as part of our strategy to deliver a consistent return to shareholders in line with our capital allocation commitment." The annualized yield on the stock is now 3.25%. (PR)
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Comments (12)
  • Chris Zocca
    , contributor
    Comments (259) | Send Message
     
    Why would CSCO announce such excellent news on the eve of a market holiday week-end? Were they hoping no one would notice?
    29 Mar 2013, 09:18 AM Reply Like
  • ChrisWebber
    , contributor
    Comments (44) | Send Message
     
    Here is another good news for CSCO:
    http://bit.ly/ZtMEId
    As for me, I remember good news for a long time.
    30 Mar 2013, 08:56 AM Reply Like
  • yoitsme
    , contributor
    Comments (3) | Send Message
     
    Cisco being range bound is great for covered calls and uncovered puts 5-10% below support line. Be careful you need the cash to cover the trade if you are put the stock.
    1 Apr 2013, 07:51 AM Reply Like
  • yoitsme
    , contributor
    Comments (3) | Send Message
     
    Don't like having an Easter bunny :)
    1 Apr 2013, 07:55 AM Reply Like
  • CincinnatiRick
    , contributor
    Comments (425) | Send Message
     
    Yes, almost like releasing bad political news out of the White House late on a Friday and hoping no one notices.

     

    Hope my shares don't get called away 10/13 at 23 strike. Would prefer to just keep turning over my covered calls and taking the dividend.
    29 Mar 2013, 09:52 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2610) | Send Message
     
    Its about time they bumped this up.
    29 Mar 2013, 12:09 PM Reply Like
  • harris m freedman
    , contributor
    Comments (107) | Send Message
     
    they need to bump up the price of the stock
    29 Mar 2013, 01:55 PM Reply Like
  • JD in NJ
    , contributor
    Comments (979) | Send Message
     
    Yeah! It's been eight whole months since they bumped it from 8 cents to 14. What took so darned long?
    29 Mar 2013, 01:56 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2610) | Send Message
     
    They've got $48 billion on the books, and earned $1.85/share last year. They started the dividend at far too low of a level.
    29 Mar 2013, 03:05 PM Reply Like
  • fjelliott
    , contributor
    Comments (2) | Send Message
     
    Good news....
    29 Mar 2013, 03:01 PM Reply Like
  • harvestdividen
    , contributor
    Comments (84) | Send Message
     
    I just initiated a 2% portfolio position in the afternoon. What a treat.
    29 Mar 2013, 03:08 PM Reply Like
  • JT99
    , contributor
    Comments (2) | Send Message
     
    CSCO is great for dividends + covered calls.
    29 Mar 2013, 04:24 PM Reply Like
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