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High Yield Dividend Stocks Setting New Yearly Highs

CSCO Dividend Yield Chart CSCO Dividend Yield data by YCharts

Cisco Systems (CSCO - Get Report)

Background: Cisco designs, manufactures and sells Internet protocol based networking and other products related to the communications and information technology industries worldwide. Founded in 1984, it is headquartered in San Jose, Calif.

52-Week Range: $14.96 to $21.30

Book Value: $9.92

Price To Book: 1.9

Earnings Payout Percentage: 23%

In the last month, the stock performed well with a 9.2% increase. If you added to your portfolio while shares traded under $18, well done. If not, it's not too late as shares are still heavily discounted due to fears of economic headwinds.

Cisco currently pays 56 cents per share in dividends for a yield of 3%. As a result, investors can sit on their hands and wait it out. At 3%, you're a lot better off than letting it sit in a bank earning 0.5%

Analysts as a whole like Cisco as much as I do. Currently, Cisco has 29 buy recommendations out of 46 analysts, along with 14 holds, and three have given it a sell rating. The one year return is 8.2%, and the average analyst target price for is $21.59.

CSCO Payout Ratio TTM Chart CSCO Payout Ratio TTM data by YCharts

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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