Cisco Systems Stock To Go Ex-dividend Tomorrow (CSCO)
The ex-dividend date for Cisco Systems (Nasdaq:CSCO) is tomorrow, April 4, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.22 as of 9:31 a.m., the dividend yield is 3.3%.
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, April 4, 2013. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $21.22 as of 9:31 a.m. ET, the dividend yield is 3.3%. The average volume for Cisco Systems has been 35.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $111.07 billion and is part of the technology sector and computer hardware industry. Shares are up 8% year to date as of the close of trading on Tuesday. 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, 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cisco Systems Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.