5 Dividend Stocks to Buy According to Joel Greenblatt’s Gotham Asset Management

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

Dividend Yield: 2.45%
Number of Hedge Fund Holders: 63

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that mainly specializes in hardware, software, and telecommunications equipment. Recently, the company was listed as one of the top picks of Evercore for 2022 in the hardware and IT sector.

Cisco Systems, Inc. (NASDAQ:CSCO) has an 11-year track record of consistent dividend growth.

ClearBridge Investments mentioned Cisco Systems, Inc. (NASDAQ:CSCO) in its Q1 2021 investor letter. Here is what the firm has to say:

“Also in IT, we added Cisco Systems, which provides IT and networking services in the form of network security, software development and cloud computing. Cisco continues to derive over 50% of its sales from on-premise deployments of its products of enterprise and small and midsize customers, while recurring revenues from software are becoming a larger part of the mix. Return-to-office enterprise spending should offer upside to its core campus business. Cisco was an early technology leader in sustainability over two decades ago, through its Internet-connecting capabilities which supported live concerts in partnership with the United Nations Development Program to raise awareness and funds to fight poverty. Cisco has very strong environmental standards (including driving lower energy consumption in IT departments through new product innovations and a longstanding goal to reduce emissions and reliance on non-renewable energy sources). Its data privacy and supply chain management policies are best in class.”