Cisco Systems has been recognized as a Top Socially Responsible Dividend Stock, boasting above-average ”DividendRank” statistics with a strong 3.4% yield. The company has been acknowledged by prominent asset managers for its socially responsible investment practices, which involve analyzing environmental and social criteria. When it comes to environmental considerations, Cisco’s impact on the environment through its products and services, as well as its efficiency in energy and resource utilization, are taken into account. Social criteria include factors such as human rights, child labor, corporate diversity, and societal impact, with a focus on business activities related to weapons, gambling, tobacco, and alcohol.
According to the ETF Finder at ETF Channel, Cisco Systems is included in both the iShares MSCI USA ESG Select ETF (SUSA) and the iShares MSCI KLD 400 Social Index Fund ETF (DSI). The company accounts for 0.64% and 0.73% of the underlying holdings of the two respective funds. Cisco’s commitment to environmental and social responsibility is reflected in its presence in these socially responsible ETFs, showcasing its dedication to sustainable and ethical business practices.
Cisco Systems pays an annualized dividend of $1.6 per share, distributed in quarterly installments. The most recent dividend ex-date was on 07/05/2024, emphasizing the company’s consistent dividend payouts. Studying Cisco’s long-term dividend history is considered crucial by the DividendRank report, as it provides insight into the company’s dividend performance over time. This historical data can help investors assess the likelihood of the most recent dividend continuing in the future, offering valuable information for decision-making.
As part of the Manufacturing sector, Cisco Systems operates alongside companies like Qualcomm and Motorola Solutions. The company’s involvement in this sector highlights its role in producing technological solutions and products for various industries. Cisco’s focus on innovation and sustainability within the manufacturing space positions it as a leader in leveraging technology for positive societal impact. By adhering to social and environmental criteria in its business practices, Cisco demonstrates its commitment to driving positive change and creating value for stakeholders.
Overall, Cisco Systems’ recognition as a Top Socially Responsible Dividend Stock underscores its dedication to ethical and sustainable business practices. The company’s inclusion in socially responsible ETFs and its strong dividend yield reflect its commitment to generating long-term value for investors while contributing to positive societal and environmental outcomes. With a focus on social and environmental responsibility, Cisco sets an example for companies looking to align financial success with ethical conduct. As a leader in the Manufacturing sector, Cisco continues to innovate and drive positive change in the industry, solidifying its reputation as a socially responsible investment choice.
