Looking at the universe of stocks we cover at Dividend Channel, on 10/3/23, Cisco Systems Inc (Symbol: CSCO) will trade ex-dividend, for its quarterly dividend of $0.39, payable on 10/25/23. As a percentage of CSCO's recent stock price of $54.14, this dividend works out to approximately 0.72%, so look for shares of Cisco Systems Inc to trade 0.72% lower — all else being equal — when CSCO shares open for trading on 10/3/23.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CSCO is likely to continue, and whether the current estimated yield of 2.88% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CSCO shares, versus its 200 day moving average:
Looking at the chart above, CSCO's low point in its 52 week range is $38.605 per share, with $58.185 as the 52 week high point — that compares with a last trade of $54.12.
Free Report: Top 8%+ Dividends (paid monthly)
In Friday trading, Cisco Systems Inc shares are currently up about 0.5% on the day.
Also see: SAND Price Target
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.