Cisco Systems, Inc. (CSCO) | June 20th 2014
Cisco Systems (NASDAQ:CSCO) declared a quarterly dividend on Friday, June 20th. Shareholders of record on Monday, July 7th will be given a dividend of 0.19 per share on Wednesday, July 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.06%. Cisco Systems, Inc. (NASDAQ:CSCO)’s stock in last trading day its average volume of 34.70 million shares. Shares after opening at $24.63 attained maximum price of $24.90 and then ended up on $24.83 by increasing 0.49%.
Cisco is a worldwide leader in data-networking equipment and software. As a dominant player in this global market, the company is well-positioned to capitalize on increasing demands for sophisticated technology throughout an economically developing world. Cisco derives about half of its sales from the U.S. with the rest split between Europe and the rest of the world.
Cisco leads the switches industry with about 70% market share.
One key advantage afforded to Cisco by its size is the ability to spend more on research and development than its competitors. As with most high technology industries, research and development spending can drive innovation of new products and stave off the obsolescence of older offerings.
In addition to other large networking companies with broad portfolios, and especially as it reaches into more specified product markets, Cisco also competes with niche networking companies like Symantec, the leader in internet security.