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Cisco Systems (CSCO) recently increased its quarterly dividend by 2.56%, from 39 cents to 40 cents per share. The dividend will be paid on April 24 to shareholders of record on April 4. The ex-dividend date is April 4.

Cisco's contribution to my projected annual dividend income will increase by $12 to $480.

I own 300 shares of CSCO at an average cost basis of $41.45 per share. Following this increase, my yield on cost is 3.86%. (CSCO's forward yield is 3.30% at $48.44 per share).

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