13 Highest Yielding Dividend Stocks in the Dow

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

Dividend Yield as of January 16: 2.67%

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational technology company that mainly specializes in networking hardware, software, and telecommunications equipment. The company delivered strong earnings for fiscal Q1 2025, with revenues of $13.8 billion. Although this marked a 6% decline from the previous year, it surpassed analysts’ expectations by $70.5 million. The company reported a net income of $2.7 billion for the quarter and maintained a solid financial position. In addition, Cisco advanced its development initiatives by acquiring DeepFactor, Inc., a specialist in cloud-native application security, and Robust Intelligence, Inc., a company focused on AI security solutions.

Cisco Systems, Inc. (NASDAQ:CSCO) surged by over 18% in the past 12 months. The company continues to invest heavily in innovation. In its latest quarterly earnings report, it highlighted that clients are focusing on essential infrastructure investments to advance AI development. Cisco emphasized that its broad product portfolio positions it to take full advantage of this trend. The company’s revenue, gross margin, and earnings per share exceeded expectations, demonstrating significant operating leverage and demonstrating or surpassing the upper end of its guidance.

Cisco Systems, Inc. (NASDAQ:CSCO) is also a solid investment option from a dividend point of view. In the recent quarter, the company’s cash position came in strong with $3.7 billion in operating cash flow, which showed a 54% growth from the same period last year. It also had $18.7 billion available in cash and cash equivalents at the end of the quarter. The company also returned $1.6 billion to shareholders through dividends.

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the best dividend stocks on our list with 17 consecutive years of dividend growth under its belt. It offers a quarterly dividend of $0.40 per share and has a dividend yield of 2.67%, as of January 16.

Insider Monkey’s database of Q3 2024 showed that 60 hedge funds owned stakes in Cisco Systems, Inc. (NASDAQ:CSCO), worth more than $3 billion.