By the end of today, January 24, 2024, Cisco Systems CSCO is set to deliver a dividend payout of $0.39 per share, equating to an annualized dividend yield of 2.93%. Shareholders who owned the stock prior to the ex-dividend date on January 03, 2024 will receive this payout.
Cisco Systems Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-03 | 4 | $0.39 | 2.93% | 2023-11-15 | 2024-01-04 | 2024-01-24 |
| 2023-10-03 | 4 | $0.39 | 2.92% | 2023-08-16 | 2023-10-04 | 2023-10-25 |
| 2023-07-05 | 4 | $0.39 | 3.32% | 2023-05-17 | 2023-07-06 | 2023-07-26 |
| 2023-04-04 | 4 | $0.39 | 3.27% | 2023-02-15 | 2023-04-05 | 2023-04-26 |
| 2023-01-04 | 4 | $0.38 | 3.13% | 2022-12-07 | 2023-01-05 | 2023-01-25 |
| 2022-10-04 | 4 | $0.38 | 3.19% | 2022-08-23 | 2022-10-05 | 2022-10-26 |
| 2022-07-05 | 4 | $0.38 | 3.36% | 2022-06-06 | 2022-07-06 | 2022-07-27 |
| 2022-04-05 | 4 | $0.38 | 2.8% | 2022-02-16 | 2022-04-06 | 2022-04-27 |
| 2022-01-04 | 4 | $0.37 | 2.5% | 2021-12-12 | 2022-01-05 | 2022-01-26 |
| 2021-10-04 | 4 | $0.37 | 2.68% | 2021-09-22 | 2021-10-05 | 2021-10-27 |
| 2021-07-02 | 4 | $0.37 | 2.78% | 2021-05-26 | 2021-07-06 | 2021-07-28 |
| 2021-04-05 | 4 | $0.37 | 3.02% | 2021-02-09 | 2021-04-06 | 2021-04-28 |
With a dividend yield that places it neither at the top nor the bottom, Cisco Systems finds itself in the middle among its industry peers, while Adtran ADTN boasts the highest annualized dividend yield at 5.12%.
Analyzing Cisco Systems Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.44 in 2020 to $1.56 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Cisco Systems
From 2020 to 2023, Cisco Systems experienced a growth in earnings per share, with an increase from $3.12 to $4.13. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article provides an in-depth analysis of Cisco Systems's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.39 per share, resulting in an annualized dividend yield of 2.93%.
With a dividend yield that places it neither at the top nor the bottom, Cisco Systems finds itself in the middle among its industry peers, while Adtran boasts the highest annualized dividend yield at 5.12%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Cisco Systems appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
