Cisco
Cisco Systems Inc. (Ticker: NASDAQ – CSCO) is multinational technology company headquartered in San Jose California.
In the modern world there is an increased demand for networking, remote working, IoT – the internet of things and cloud computing.
Cisco is a world leader in IT, Networking, cybersecurity solutions. The company develops, manufactures and sells networking hardware and telecommunications equipment.
This is what makes this Cisco’s products necessary for an efficient and dynamic workforce where reliability is paramount.
The group has been powering the internet since 1984 with their products.
Products are well recognised within the IT industry providing robust hardware and infrastructure that is a familiar part in most office spaces.
This is a quality company that have been winning awards for their Investor Relations credentials since 2010.
Cisco five year average share price
The average share price over the past five years (08/2019 to 08/2024) for Cisco (CSCO) sits between:
The lowest point of $32.40 on the 22nd March 2020 at the start of the pandemic.
To the highest of $64.28 on the 02/01/2022.
Based on my own personal experience looking at a long term hold, I would be looking to purchase additional shares around the $38.95 to $40.00 price target.
The ideal exit strategy would be to hold for 10-15 years before selling at a target sell price of $62-$65 dollars.
Cisco dividend
Cisco distributes a quarterly dividend payable in the months of January, April, July & October.
This equity was added to the portfolio in early March 2020 at the start of the pandemic for just $38.72 dollars per share.
It has proved to be a fantastic investment by way of both share price appreciation and regular income.
I have been fortunate to collect the regular growing dividend payments.
Cisco is viewed by myself as being a foundational portfolio stock as it is a great business we all need in todays’ modern connected world.
During 2024/25 I aim to increase holdings especially after the Splunk acquisition. The general market consensus (which is one I agree with) is that is a great fit for the business and will further enhance the Cisco’s offerings as a leading cloud networking provider, whilst strengthening its cyber security credentials & position within the sector.
Cisco quarterly dividend has been increased by 0.01c to $0.40 cents for 2024/25.
Annualised dividend for 2024 is $1.60 dollars.
Here is a brief snapshot of the previous ten years growing annual dividends look:
2024 $1.60
2023 $1.56
2022 $1.52
2021 $1.48
2020 $1.44
2019 $1.40
2018 $1.32
2017 $1.16
2016 $1.04
2015 $0.84 cents
Dividend yield: 2.87% (25/10/2024)
P/E: 21.95 (25/10/2024)
Fwd P/E: 15.59 (25/10/2024)
Over the past 4+ years (19 Quarterly Payments) total dividend income is £556.42.
Further income analysis can be found in the file below:
CSCO
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