5 Best Dividend Stocks to Buy Now

3. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 63

Dividend Yield: 3.41%

Cisco Systems, Inc. (NASDAQ:CSCO), is an American global tech company offering its clients cloud and security solutions. The company’s stock, as of September 3, has a yield of 3.41% and pays a quarterly dividend of $0.38 per share.

At the end of Q2 2022, 63 hedge funds tracked by Insider Monkey were bullish on Cisco Systems, Inc. (NASDAQ:CSCO). These stakes are collectively valued at around $1.91 billion.

Carillon Tower Advisers mentioned Cisco Systems, Inc. (NASDAQ:CSCO) in its Q1 2022 investor letter. Here is what the firm has to say:

“Cisco Systems (NASDAQ:CSCO) traded lower as investors weighed how supply chain concerns would impact sales growth. The company has been upgrading its switching and routing offerings, which should lead to strong demand as on-site locations upgrade infrastructure.”