Dividends4Life: Cisco Systems, Dividend Stocks and Retirement Investing

Dividend Growth Stocks News

Cisco Systems (NASDAQ:CSCO) has proven once again that it is one of the best dividend stocks for retirement investing by delivering gains in both quarterly profit and quarterly sales in its fiscal third quarter. The maker of computer networking equipment reported a net profit increase of 12 percent, with net profit rising to $2.4 billion in the quarter. Its reported operating earnings of 54 cents a share were slightly higher than analysts’ consensus estimate of operating earnings of 53 cents a share, as compiled by Thomson Reuters. Revenue increased by 5 percent in the quarter, rising to $12.1 billion. The average analyst forecast for revenue for the quarter was $12.07 billion.

Over the past few years, Cisco has shown a steady performance, an uncanny ability to adapt to new technologies and superior strength in holding off rivals. While sales to telecommunications and cable companies slipped 7 percent in the quarter, the weaknesses were more than offset by strengths in other areas of the business. Cisco announced that it expected revenue growth to reach 1 to 3 percent in the current quarter. Over the last year, Cisco shares have increased in value by 28 percent.

Source: IRA Market Report

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