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Cisco Increases Quarterly Cash Dividend

By TechTaffy Desk

cisco

Cisco’s board of directors have declared a quarterly dividend of  17 cents per common share. The dividend is a three-cent increase over previous quarter’s, and will be paid on April 24, 2013, to all shareholders of record as of the close of business on April 8, 2013.

Frank Calderoni (Executive vice president and CFO, Cisco): We are increasing our dividend as part of our strategy to deliver a consistent return to our shareholders, in line with our capital allocation commitment.

Cisco’s previous quarterly dividend of 14 cents per common share was paid on December 19, 2012.  

[Image courtesy: Cisco]

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