Topic: How To Invest

Dividend Advisor Hotline – Friday, May 19, 2023

Article Excerpt

CISCO SYSTEMS INC., $49.13, Nasdaq symbol CSCO, is a buy. Through the stock, investors tap a global producer of hardware and software that links and manages computer networks. Cisco last raised your quarterly dividend with the April 2023 payment. Investors now receive $0.39 a share, up 2.6% from $0.38. The new annual rate of $1.56 yields a solid 3.2%. The company now plans to build a new manufacturing facility in India as part of its strategy to diversify its supply chains in Asia. Cisco has not yet said how much it will spend on this project, or when it will begin operating. However, the new plant will help the company tap into growing demand for its routers and switches in India as that country expands its broadband networks. Cisco also expects India could contribute nearly 10% of its revenue over the next few years. Meantime, the company reported stronger-than-expected earnings and revenue for its latest quarter and increased its forecast for the current fiscal year. That’s…