Cisco Systems Stock To Go Ex-dividend Tomorrow (CSCO)
The ex-dividend date for Cisco Systems (Nasdaq:CSCO) is tomorrow, October 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $19.39 as of 10:06 a.m., the dividend yield is 3%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Cisco Systems (Nasdaq: CSCO) is tomorrow, October 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $19.39 as of 10:06 a.m. ET, the dividend yield is 3%. The average volume for Cisco Systems has been 40.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $99.66 billion and is part of the technology sector and computer hardware industry. Shares are up 4% 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 industries worldwide. The company has a P/E ratio of 12.6, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Cisco Systems Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.