Cisco Systems, Inc.
CSCOTechnology · Communication Equipment · Stock · quarterly payer
Forward Yield
1.61%
Annual Dividend
$1.68
Payout Ratio
50%
5-Yr Growth
2.7%
Ex-Date
Oct 2, 2026
Frequency
Quarterly
Key facts about CSCO's dividend
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Cisco Systems, Inc. (CSCO) has a forward dividend yield of 1.61%, based on an annual dividend of $1.68 per share and a share price of $104.51.
- As of Nov 2, 2026, CSCO's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Cisco Systems, Inc. (CSCO) has raised its dividend for 14 consecutive years as of Nov 2, 2026.
- CSCO has never cut its regular dividend in the payment history SmarterDividends has on record.
- CSCO's most recent ex-dividend date was Oct 2, 2026, for a dividend of $0.42 per share.
- As of Nov 2, 2026, CSCO pays out 50% of its trailing 12-month earnings as dividends (its payout ratio).
- CSCO's dividend has grown at an average rate of 2.7% a year over the past five years.
- As of Nov 2, 2026, CSCO's 1.61% yield is 44% below its five-year average yield of 2.89%.
- As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for CSCO is $61.70 per share, 41% below the $104.51 share price, so CSCO screens as overvalued.
- Cisco Systems, Inc. (CSCO) pays its dividend quarterly, 4 times a year.
- Cisco Systems, Inc. (CSCO) has raised its regular dividend 16 times and cut it 0 times across the 63 payments on record since 2011. Its most recent change was a 2.4% increase to $0.420 per share, going ex-dividend on Apr 2, 2026.
- Cisco (CSCO) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 2.4%, was declared on Feb 11, 2026.
Cite this page
SmarterDividends, "CSCO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/CSCO
Summary
As of Nov 2, 2026, Cisco Systems, Inc. (CSCO) yields 1.61% ($1.68 a year per share), has a dividend safety grade of A (89/100) and has 14 consecutive years of dividend increases on record.
Is CSCO a good dividend stock?
YesCisco Systems, Inc. (CSCO) pays a quarterly dividend yielding 1.61% ($1.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (50%)
- 91% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.61%
- Payout Ratio
- 50%
- Annual Dividend
- $1.68
- 5-Yr Avg Growth
- 2.7%
- Ex-Dividend Date
- Oct 2, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.98
- Market Cap
- $412.0B
- P/E Ratio
- 31.4
- 5-Yr Total Return
- 91%
- 52-Week Range
- $70.54 – $130.37
- Dividend Safety
- A · 89/100
- Ever Cut?
- No
CSCO dividend raises and cuts
Cisco Systems, Inc. (CSCO) has raised its regular dividend 16 times and cut it 0 times across the 63 payments on record since 2011. Its most recent change was a 2.4% increase to $0.420 per share, going ex-dividend on Apr 2, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 2, 2026 | Raise | $0.410 → $0.420 | +2.4% |
| Apr 3, 2025 | Raise | $0.400 → $0.410 | +2.5% |
| Apr 3, 2024 | Raise | $0.390 → $0.400 | +2.6% |
| Apr 4, 2023 | Raise | $0.380 → $0.390 | +2.6% |
| Apr 5, 2022 | Raise | $0.370 → $0.380 | +2.7% |
| Apr 5, 2021 | Raise | $0.360 → $0.370 | +2.8% |
| Apr 2, 2020 | Raise | $0.350 → $0.360 | +2.9% |
| Apr 4, 2019 | Raise | $0.330 → $0.350 | +6.1% |
| Apr 4, 2018 | Raise | $0.290 → $0.330 | +13.8% |
| Apr 4, 2017 | Raise | $0.260 → $0.290 | +11.5% |
| Apr 4, 2016 | Raise | $0.210 → $0.260 | +23.8% |
| Mar 31, 2015 | Raise | $0.190 → $0.210 | +10.5% |
Show all 16 changes since 2012
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 1, 2014 | Raise | $0.170 → $0.190 | +11.8% |
| Apr 4, 2013 | Raise | $0.140 → $0.170 | +21.4% |
| Oct 2, 2012 | Raise | $0.0800 → $0.140 | +75.0% |
| Apr 3, 2012 | Raise | $0.0600 → $0.0800 | +33.3% |
Frequently Asked Questions
Is CSCO a good dividend stock?
Yes. Cisco Systems, Inc. (CSCO) pays a quarterly dividend yielding 1.61% ($1.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is CSCO undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CSCO's fair value is about $61.70 versus a $104.51 share price — so it looks overvalued (-41% vs. fair value).
Is CSCO's dividend safe?
CSCO has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is CSCO's fair value?
Our blended fair-value estimate for CSCO is about $61.70 per share, about 41% below the current $104.51 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is CSCO a buy, hold, or sell?
We don't issue formal ratings, but on the data CSCO screens as "yes" and overvalued. Cisco Systems, Inc. (CSCO) pays a quarterly dividend yielding 1.61% ($1.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will CSCO cut its dividend?
CSCO earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does CSCO pay a dividend?
Yes. Cisco Systems, Inc. pays a quarterly dividend of about $1.68 per share annually, a forward yield of roughly 1.61%.
What is CSCO's dividend yield?
As of Nov 2, 2026, CSCO's forward dividend yield is 1.61%, based on a $1.68 annual dividend and a $104.51 share price.
What is CSCO's dividend per share?
As of Nov 2, 2026, CSCO pays $1.68 per share per year, distributed on a quarterly basis.
What is CSCO's dividend payout ratio?
As of Nov 2, 2026, CSCO's payout ratio is 50% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has CSCO grown its dividend?
As of Nov 2, 2026, CSCO has increased its dividend for 14 consecutive years.
When is the next CSCO ex-dividend date?
As of Nov 2, 2026, CSCO's next ex-dividend date hasn't been announced. The most recent was Oct 2, 2026, for $0.42 per share.
CSCO Price — Last 12 Months
Daily close
Price Return
1 Year
+36%
3 Years
+116%
5 Years
+91%
52-Week Range
$70.54 – $130.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CSCO worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Cisco Systems, Inc. is $61.70 per share, versus a market price of $104.51. That implies 41% of downside.
Fair Value
$61.70
Current Price
$104.51
Downside
-41%
Margin of Safety
-69%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 17.7% annual free-cash-flow growth. We model 9.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 9.4% growth for five years fading to 2.5% over the next five, $3.33 EPS, $1.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CSCO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CSCO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 2, 2026 | Oct 21, 2026 | $0.4200 | regular |
| Jul 6, 2026 | Jul 22, 2026 | $0.4200 | regular |
| Apr 2, 2026 | Apr 22, 2026 | $0.4200 | regular |
| Jan 2, 2026 | Jan 21, 2026 | $0.4100 | regular |
| Oct 3, 2025 | Oct 22, 2025 | $0.4100 | regular |
| Jul 3, 2025 | Jul 23, 2025 | $0.4100 | regular |
| Apr 3, 2025 | Apr 23, 2025 | $0.4100 | regular |
| Jan 3, 2025 | Jan 22, 2025 | $0.4000 | regular |
| Oct 2, 2024 | Oct 23, 2024 | $0.4000 | regular |
| Jul 5, 2024 | Jul 24, 2024 | $0.4000 | regular |
| Apr 3, 2024 | Apr 24, 2024 | $0.4000 | regular |
| Jan 3, 2024 | Jan 24, 2024 | $0.3900 | regular |
| Oct 3, 2023 | Oct 25, 2023 | $0.3900 | regular |
| Jul 5, 2023 | Jul 26, 2023 | $0.3900 | regular |
Income Calculator
At $1.68 / yr per share
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