NEW YORK (TheStreet) -- Cisco Systems (CSCO) declared a 19 cent/share quarterly dividend payable July 23 to shareholders of record July 7.
This quarter's 19 cent dividend is in-line with its previous payout on April 23.
Cisco shares are flat in early trading today at $24.83.
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TheStreet Ratings team rates CISCO SYSTEMS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: