Cisco Systems Inc. said Wednesday that earnings jumped 56 percent in the latest quarter compared with last year, when it was in the throes of a restructuring program.
The results beat expectations, and Cisco rewarded investors by raising its dividend by 75 percent. The new quarterly dividend of 14 cents per share represents an annual yield of 3.2 percent of Cisco’s stock price, a relatively high yield for a technology company.
Cisco said it earned $1.9 billion, or 36 cents per share, in its fiscal fourth quarter, spanning May to July.
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