Cisco's Dividend: A Missed Opportunity

I was disappointed by the announcement on Friday that Cisco (CSCO) would be paying a paltry $0.06 dividend that might not even continue perpetually. I expected a solid dividend ($0.10-0.15) to help assuage investor fears that Cisco is a has-been and help ensure significant value from their cash generation will be returned to shareholders. Also, investors need assurance now more than ever that Cisco will have their sights set on investor value and not helter-skelter acquisitions with growth being the only consideration. A major dividend could have been a catalyst to spark a rally from $17 to a more reasonable value.Frank Calderoni, Executive Vice President & Chief Financial Officer of Cisco,... Read more

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