Cisco Systems Stock To Go Ex-dividend Tomorrow (CSCO)

NEW YORK ( TheStreet) -- The ex-dividend date for Cisco Systems (Nasdaq: CSCO) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $21.10 as of 9:30 a.m. ET, the dividend yield is 1.5%.

The average volume for Cisco Systems has been 46.8 million shares per day over the past 30 days. Cisco Systems has a market cap of $106.52 billion and is part of the technology sector and computer hardware industry. Shares are up 16.3% 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 16.6, below the average computer hardware industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cisco Systems Ratings Report.

See our dividend calendar or top-yielding stocks list.

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