Cisco Systems (CSCO) will raise its quarterly dividend by 21.4 percent to $0.17 per share in 2013. The tech company initiated a $0.06 per share quarterly dividend in 2011 and hiked its dividend every year since.
The next dividend is payable on April 24, 2013 to shareholders of record as of April 8, 2013. The ex-dividend date is April 4, 2013.
Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company serves customers, including businesses of all sizes, public institutions, governments and service providers.