Cisco Systems (NASDAQ:CSCO) just hiked its dividend a whopping 21%, for its second hike within a year. When combined with a solid balance sheet and decent valuation, it looks like a reasonable candidate to buy. In the brief video below, portfolio manager Chuck Saletta talks about the one thing standing in the way of him buying Cisco's shares for the real-money Inflation-Protected Income Growth portfolio that he manages on Fool.com.
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Fool contributor Chuck Saletta owns shares of Texas Instruments and Microsoft and has an options position on Bank of America. The Motley Fool recommends Cisco Systems. The Motley Fool owns shares of Bank of America, Citigroup, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.