These 5 Dow Stocks Will Boost Their Dividends Soon

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

Expected Month for Dividend Increase: February 2024

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational technology conglomerate primarily focused on networking hardware, software, and related services. On November 15, the company declared a quarterly dividend of $0.39 per share, which was in line with its previous dividend. Over the last several years, the company has consistently chosen the month of February to augment its dividend and is expected to do the same this coming February. As of January 5, the stock offers a dividend yield of 3.11%.

Insider Monkey’s database of Q3 2023 showed that 64 hedge funds owned stakes in Cisco Systems, Inc. (NASDAQ:CSCO), growing from 55 in the previous quarter. These stakes are collectively valued at over $1.6 billion. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q3.

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