Cisco (CSCO) Shares Add 1% to Today's Gain as Co. Planning Dividend

Shares of Cisco (Nasdaq: CSCO) have just spiked 1% higher in mid-day trading (adding onto today's 2.3% rise) amid headlines coming out of the company's 2010 financial analyst conference. Cisco has said that the company plans to initiate a dividend, with the dividend yield possibly in the range of 1-2%. Doing a little math, based on today's current stock price, such a yield would imply a quarterly dividend between 5.5 cents and 11 cents per share.... Read more

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