Cisco to pay its first dividend

Cisco plans to pay a dividend to shareholders for the first time in its history.

Cisco plans to pay a dividend to shareholders for the first time in its history.

The rate of the dividend will depend on U.S. taxation of overseas profits. CEO John Chambers told Wall Street analysts Tuesday.

See also: Cisco bolsters Nexus, Catalyst switch lines

Cisco will begin paying the dividend in its current 2011 fiscal year, Chamber said. It will yield 1 per cent to 2 per cent of a shareholder's value in the company, depending on how the U.S. government acts on taxation of overseas profits brought back into the country by American companies.

"We're paying a dividend this year," Chambers told the analysts during Cisco's annual analyst conference in San Jose. "The majority of our shareholders said we should do it."

"It would be a major mistake by this country not to allow repatriation" of profits made overseas, he added. "I think there's a 50:50 chance they'll allow it to happen. It would be an opportunity I'd be surprised our leaders let pass by. We have $US30 billion overseas."

Chambers said the repatriation decision will determine that rate of yield on Cisco's dividend.

"Size and timing of the dividend will be determined in the coming months, taking into consideration tax policy and broader market conditions," Cisco said in a statement.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuescorporate issuesciscorouterfinancefinancial resultsindustry verticalsLAN & WAN

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jim Duffy

Network World
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?