March 31, I Bought 50 shares of Cisco Systems, Inc. at $ 28.40 per share plus commission.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers service provider video infrastructure, including set-top boxes, cable/telecommunications access products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising unified communications products, conferencing products, telepresence systems, and enterprise mobile messaging products; data center products, such as blade, rack, and modular servers, fabric interconnects, software, and server access virtualization solutions; security products, including network and data center security, advanced threat protection, Web and email security, access and policy, unified threat management, and advisory, integration, and managed services; and other products, such as emerging technologies and other networking products. Further, the company offers wireless products consisting of wireless access points; network managed services; and standalone, switch-converged, and cloud managed solutions. Additionally, it provides technical support services and advanced services. The company serves businesses of various sizes, public institutions, governments, and communications service providers. Cisco Systems, Inc. sells its products directly, as well as through channel partners, such as systems integrators, service providers, other resellers, and distributors. The company was founded in 1984 and is headquartered in San Jose, California.
CSCO is a Dividend Challengers with an 6 year streak of dividend increases. Dividend growth rates for 1 and 3 years are 10.8 and 31.6. (DividendChampions.xls) After the last dividend increase declaration, Cisco Systems, Inc. now pays dividends of $0.26 per share normally in January, April, June and October.
Details of my purchase:
Some ratings for CSCO:
Yahoo: Mean Recommendation 2.2, 1y Target Est $28.68
Reuters: Mean Rating 2.08
If you are interested, you can read the analysis of Cisco by Ken Faulkenberry here.
At today's exchange rate, this purchase 50 shares of CSCO will increase €34.00 ($38.74) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €9750.00. With purchase price $28.40 plus commission ($5.00) my starting yield on cost is 3.65%.
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Full Disclosure: Long CSCO