Cisco Systems, once touted as the 500lb gorilla of the high flying tech stocks back in the late 90s, showed its age maturity today by going dividend. In the dividend world, 6 cents on a $17 stock is virtually nothing, and with today’s growth is king mentality (see Apple, see Chipolte Mexican Grill, etc.), the odds of any significant appreciation in share price rank somewhere between slim to none.
Only thing this did… make me feel old.