Wednesday, February 11, 2015
Cisco raises dividend 10.53% --- New yield is 3.12%
Today Cisco (CSCO) announced it will be increasing its quarterly dividend from $.19 to $.21 which represents a 10.53% increase. The raise brings the new yield up from 2.82% to 3.12%. This certainly is a great raise after very strong quarterly results. Last year Cisco gave an equally impressive 11.18% dividend raise. I know there are always some risks investing in technology companies, but it appears that Cisco is firing on all cylinders as of right now.
The record date is April 2nd and the pay date is April 22nd.
Since I currently own 240 shares, my yearly dividends will increase by $19.20.
I always love seeing my passive income increase without any additional capital being invested. Coke and Digital Realty Trust should be announcing increases very soon as well.