Good News For Clobbered Cisco Shareholders! It's About To Pay A Dividend

Cisco just announced it’s paying out its first ever dividend, sending the stock up 2% in the pre-open trade. The quarterly cash dividend will be $0.06 per share.

Cisco’s stock has been hammered since it reported earnings in mid-February. On the earnings call, CEO John Chambers warned of a slow down in public spending which would hit his company and the economy at large.

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Photo: Yahoo Finance

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