12-12-2013, 11:06 AM
At this level CSCO would seem to be a fairly conservative investment. They have about 3X more cash than their debt level. For a tech company the dividend is oversized at about 3.3%. The pay out ratio is about 36%, according to Yahoo stats. The dividend has been boosted four times to almost triple the initial dividend amount in 2011. Where else can a person buy a market leading company at such a discount?
Alex