Cisco Systems Stock To Go Ex-dividend Tomorrow (CSCO)
The ex-dividend date for Cisco Systems (Nasdaq:CSCO) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of six cents per share. At a price of $17.36 as of 9:31 a.m., the dividend yield is 1.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cisco Systems (Nasdaq: CSCO) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of six cents per share. At a price of $17.36 as of 9:31 a.m. ET, the dividend yield is 1.4%. The average volume for Cisco Systems has been 71.8 million shares per day over the past 30 days. Cisco Systems has a market cap of $96 billion and is part of the technology sector and computer hardware industry. Shares are down 14.6% year to date as of the close of trading on Friday. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 13.2, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Cisco Systems as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Cisco Systems Ratings Report. See our dividend calendar or top-yielding stocks list.