Is It Time to Buy Cisco Systems?

By Chuck Saletta – Apr 2, 2013 at 4:15PM

NASDAQ: CSCO

Cisco Systems

Market Cap

$194B

Today's Change

(-0.27%) -$0.13

Current Price

$47.79

Price as of April 17, 2024, 4:00 p.m. ET

With a rising and well-covered dividend, decent valuation, and strong balance sheet, what's not to love?

Cisco Systems (CSCO -0.27%) 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.

To follow the iPIG portfolio as buy and sell decisions are made, watch Chuck's article feed by clicking here. To join The Motley Fool's free discussion board dedicated to the iPIG portfolio, simply click here.

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. 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.