Cisco Systems, Inc.: The No. 1 Dividend Stock for 2016
Cisco Systems, Inc. Is a Cash Cow
Cisco Systems, Inc. (NASDAQ:CSCO) stock is looking more and more like a great dividend stock and the position is not expensively priced at all. Cisco may be part of the “old tech” world, but in this environment, CSCO stock has a lot going for it. Not only does the company have a good balance sheet, but it also has a dividend yield, which is right close to four percent, and very healthy bottom-line earnings.
Cisco Systems is essentially the Internet, as the company’s products like switches, which create local-area networks (LANs) and wide-area networks (WANs), facilitate enterprise and large-scale Internet traffic.
The company’s routing technologies move mobile, data, voice, and video applications. Its data centers manage cloud applications and information. And Cisco’s cybersecurity business is a growing area with software and hardware firewall solutions...