Cisco Systems raises dividend 21 percent

Published on NewsOK Modified: March 28, 2013 at 6:51 pm •  Published: March 28, 2013
Advertisement
;

SAN JOSE, Calif. (AP) — Cisco Systems Inc. is increasing its dividend 21 percent, its second boost in less than a year.

The San Jose, Calif.-based technology giant will pay a 17 cent quarterly dividend on April 24 to shareholders of record April 8. That's up 3 cents from the last quarter.

Cisco raised its quarterly payout to 14 cents from 8 cents last summer.

The company, which supplies routers, switches, software and services to corporate customers and government agencies worldwide, is considered a bellwether of the technology industry. Last month it forecast a slow, steady upturn in its sales pipeline.

Cisco shares ended trading Thursday at $20.89, up 7 cents. The stock is up about 6 percent in the year to date, underperforming the broader market.


Trending Now


AROUND THE WEB

  1. 1
    CDC: U.S. has first confirmed case of Ebola in Dallas
  2. 2
    Netflix to shake up movies with 'Crouching Tiger 2'
  3. 3
    Donald Trump Tricked Into Retweeting Serial Killer Pic
  4. 4
    'Transparent' on Amazon Prime, reviewed: It’s the fall’s best new show.
  5. 5
    Brits Unwittingly Give Up Firstborns for Free WiFi
+ show more