Cisco raises share repurchase by $15B, raises dividend 3%

Cisco (CSCO) has declared a quarterly dividend of 41c per common share, a 1-cent increase or up 3% over the previous quarter’s dividend, to be paid on April 23, 2025, to all stockholders of record as of the close of business on April 3, 2025. Future dividends will be subject to Board approval. Cisco’s board of directors has also approved a $15B increase to the authorization of the stock repurchase program. There is no fixed termination date for the repurchase program. The remaining authorized fixed amount for stock repurchases including the additional authorization is approximately $17B.