You've probably heard by now that networking giant Cisco Systems(CSCO) has said it plans to initiate a dividend of 1% to 2% for its fiscal year 2011. At an analyst meeting in San Jose, Calif., Cisco CEO John Chambers said the exact amount would be influenced in part by what Congress does with the personal tax rate on dividend income and the corporate tax and repatriate earnings.
Cisco isn't the first big-name tech company to announce it's going to pay a dividend. Currently, tech firms Microsoft(MSFT), Intel(INTC), Oracle(ORCL), Hewlett-Packard(HPQ) and Qualcomm(QCOM) all pay dividends.
Source: TheStreet.com
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