Cisco Systems (CSCO) increased its quarterly dividend by 2.56%, from 39¢ to 40¢ per share.
The dividend will be paid on 24 April to shareholders of record on 4 April. The ex-dividend date is 3 April.
CSCO's contribution to DivGro's projected annual dividend income will increase by $12 to $480.
I own 300 shares of CSCO at an average cost basis of $41.45 per share. Following this increase, my yield on cost is 3.86%. (CSCO's forward yield is 3.30% at $48.44 per share).
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