Cisco Systems (NASDAQ:CSCO) is sending another dividend payment through its network. The company has declared a fresh quarterly distribution of $0.17 per share, to be paid on July 24 to shareholders of record as of July 3.
That amount matches the firm's previous distribution, which was handed out in late April. Prior to that, Cisco paid $0.14 per share. Ever since declaring its first dividend in 2011, the company has been making regular quarterly distributions. These have ranged from $0.06 per share to the present level. The just-declared dividend annualizes to $0.68 per share. That yields 2.8% at Cisco's current stock price of $24.17.
Fool contributor Eric Volkman has no position in Cisco Systems. The Motley Fool recommends Cisco Systems. 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.