Cisco to Pay First-Ever Dividend

Few stocks have lost as much luster as Cisco (CSCO) has over the past few years. I’ve been continuously disgusted by how much money the company has wasted on stock buybacks. Here’s a post from August 2005 where I predicted that Cisco would start paying a dividend: I’m going to make a prediction. No, not like my other lousy predictions. This time, I’m nearly serious. I predict that Cisco will start paying a cash dividend. Really, it makes perfect sense. The company generates gobs of cash, but they waste it on buying their own stock (just like everyone else who buys Cisco’s stock).... Read more

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