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Cisco Makes Financial History

The board of directors at Cisco (NASDAQ: CSCO) voted in favor of the initiation of quarterly cash dividends to shareholders, a first in the history of the firm.

The first quarterly dividend is listed at 6 cents per common share to be paid on April 20, 2011, to all shareholders of record on March 31, 2011.

“As the role of the network expands across the IT sector, Cisco’s leadership position in the markets we serve is strong, and the time is right for Cisco to pay our first-ever cash dividend, ” CFO Frank Calderoni said. “This dividend complements our leading position, and is an important part of our commitment to bring value to shareholders.”

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