Cisco to Pay Shareholders 75% Higher Dividend; John Chambers Comments

Cisco Systems (NASDAQ: CSC) will pay shareholders a 14 cent-per-share dividend based off its recent fourth quarter financial results.

That number represents a 75 percent increase from the 8-cent dividend from the previous quarter, According to Forbes.

For the fourth quarter ended July 28, the company reported sales of $11.7 billion, a 4.4 percent year-over-year increase.

CEO John Chambers said the company recorded a 7 percent increase in revenue for its full 2012 fiscal year and records for yearly revenue and earnings per share, Eric Savitz reports.

Citing a post-earnings conference call, Savitz reports Chief Financial Officer Frank Calderon said the company wants to return at least 50 percent of free cash flow to shareholders.

Calderon added the company recorded a 3 percent year-over-year increase in product revenue for the recent quarter, 12 percent higher revenue for services and a book-to-bill ratio of well above one.

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