Cisco’s plan will power your gains

Article Excerpt

We have several reasons for recommending Cisco Systems to you as one of our three top picks for 2019 (the other two are Canadian Imperial Bank of Commerce and Choice Properties REIT). The company is successfully expanding into high-margin fields like security software. That has helped cut its reliance on hardware sales (as well as its exposure to the escalating U.S.-China tariff war). Cisco is also in a strong position to profit from other fast-growing trends, including the rollout of ultrafast 5G wireless networks and the Internet of Things. Thanks to those factors, we believe the company will continue to reward its investors with share buybacks and rising dividends. What’s more you’ll find that the stock is still very attractively priced in relation to its projected earnings. That cuts its risk, and yours. CISCO SYSTEMS INC., $47, is a top pick for 2019. The company (Nasdaq symbol CSCO; High-Growth Dividend Payer Portfolio, Manufacturing sector; Shares outstanding: 4.2 billion; Market cap: $197.4 billion; Dividend yield: 3.0%;…