Cisco Increases Quarterly Dividend 75% to 14 Cents a Share
Cisco Systems Inc. (CSCO) increased its quarterly dividend by 75 percent to 14 cents a share.
“Cisco has the financial strength and flexibility to effectively invest in our business, pursue strategic opportunities, such as acquisitions, as well as return a minimum of 50 percent of our free cash flow annually through dividends and share repurchases to our shareholders,” said Frank Calderoni, chief financial officer, in a statement
To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net
To contact the editor responsible for this story: Lisa Rapaport at lrapaport1@bloomberg.net
Cisco Sales Beat Estimates as Price Cuts Lure Business Customers
David Paul Morris/Bloomberg
Cisco Systems Inc. has eliminated 7,800 jobs since last year and is shutting down businesses to reduce expenses and simplify decision-making.
Cisco Systems Inc. has eliminated 7,800 jobs since last year and is shutting down businesses to reduce expenses and simplify decision-making. Photographer: David Paul Morris/Bloomberg
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