Cisco detailed its capital allocation strategy, which includes a quarterly dividend of 14 cents per common share, an increase of 75 per cent.
Frank Calderoni (EVP and Chief Financial Officer, Cisco): Cisco has the financial strength and flexibility to effectively invest in our business, pursue strategic opportunities, such as acquisitions, as well as return a minimum of 50% of our free cash flow annually through dividends and share repurchases to our shareholders.
The dividend will be paid on October 24, 2012 to all shareholders of record as of the close of business on October 4, 2012. Cisco’s previous quarterly dividend, of 8 cents per common share, was paid on July 25, 2012.
Categories: Corporate News