Cisco Systems, Inc. (NASDAQ:CSCO) Updates On Dividend Release Date


On 2016-06-07, Cisco Systems, Inc. (NASDAQ:CSCO) confirmed the dividend disbursement of $0.26 a share to shareholders as on record 2016-07-07. The firm will release dividend on 2016-07-27 while ex-dividend date is reported to be 2016-07-05.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Cisco Systems, Inc. (NASDAQ:CSCO) paid a total of $0.26 per share in dividends. This figure stood at $0.26 a share in the same period a year ago indicating a deviation of 17.5%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.05 on the stock. This figure is the average of recommendations offered by 20 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $40 and $22, respectively.

Taking the mathematical rating formula, the price for Cisco Systems, Inc. (NASDAQ:CSCO) stands at 1.7. Earnings Review Cisco Systems, Inc. (NASDAQ:CSCO) will report its quarterly earnings for the period ending on 2016-10-31 by 2016-11-16. For the period ending on 2016-10-31, experts are expecting EPS of $0.54.

Coming to the quarter ending on 2016-07-31, Cisco Systems, Inc. (NASDAQ:CSCO) recorded EPS of $0.58. The reported numbers came lower than the analysts’ estimates of $0.55, demonstrating a miss of $0.03 as against reported figures.

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