30 Growing Dividend Stocks with Low PE Ratios

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

Forward P/E Ratio as of April 22: 13.76

Cisco Systems, Inc. (NASDAQ:CSCO) is a California-based multinational digital communications technology company that deals in networking hardware, software, and telecommunications equipment. The company has firmly established itself as a leader in enterprise networking, maintaining dominance in both traditional and modern network infrastructure. The company continues to lead in areas such as wireless access, switching, and routing, while also making significant strides in cybersecurity and collaboration technologies. With more businesses adopting hybrid cloud environments and flexible work models, Cisco is well-positioned to benefit, thanks to its comprehensive lineup of integrated networking and security solutions that set it apart from competitors.

In fiscal Q2 2025, Cisco Systems, Inc. (NASDAQ:CSCO) posted results that came in ahead of expectations. Adjusted earnings reached $0.94 per share on revenue of $13.99 billion, surpassing analyst projections of $0.91 in EPS and $13.87 billion in revenue. Revenue grew by 9.4% year-over-year, supported in part by AI infrastructure orders totaling $350 million. Management also noted a 29% rise in total product orders compared to the prior year, or 11% growth when excluding the impact of its acquisition of Splunk.

On the cash front, Cisco Systems, Inc. (NASDAQ:CSCO) delivered a strong performance as well. Operating cash flow surged 177% year-over-year to $2.2 billion, up from $800 million in the same quarter of the previous year. By quarter-end, the company held nearly $17 billion in cash and cash equivalents. The company maintains an 18-year streak of consistent dividend growth. Its quarterly dividend comes in at $0.41 per share and has a dividend yield of 2.98%, as of April 22.