CSCO stock won’t make you rich, but it will hold its value
As the internet has matured, so has Cisco Systems Inc.
(NASDAQ:CSCO). And along with that maturity, CSCO stock has continued to be a
fairly appealing stock to some investors.
The market leader in internet routers and switches has
become a stable, albeit no-growth, stock. Sales have remained stable for years,
at just short of $50 billion, and about 20% of it hits the net income line.
Management has accepted this fate, and Cisco stock has been
a reliable dividend payer since 2011, with its payout starting at
6-cents-per-share and rising to 29-cents-per-share and a yield of 3.2% at its
Nov. 27 opening bid of about $36.50-per-share.
CSCO stock may never regain its dot-com boom glory, where it
briefly touched $80-per-share and Cisco was the world’s most valuable company,
but those were different days. Today, Cisco counts victory in different ways.
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