Cisco Systems (NASDAQ:CSCO) is continuing to beam its shareholder payout across the wires and into the ether. The company has declared its latest quarterly common stock dividend, which is to be $0.17 per share paid on Oct. 23 to shareholders of record as of October 3. That amount matches both of the firm's previous distributions, the most recent of which was dispensed in late July. Before that, Cisco paid three pennies less, or $0.14 per share.
The company is a relative newcomer to the world of shareholder payouts. It only started handing out a distribution in April 2011.
The just-declared dividend annualizes to $0.68 per share. That yields 2.9% at Cisco's most recent closing stock price of $23.48.
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 don't 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.
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