5 High-Yield Dividend Stocks to Buy According to Ken Fisher

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

Number of Hedge Fund Holders: 60    

Forward Dividend Yield: 2.68%   

Cisco Systems, Inc. (NASDAQ:CSCO) recently declared a quarterly dividend of $0.37 per share, in line with previous. The company, a communications equipment manufacturer, was one of the most valuable companies in the world until tech giants like Apple and Google overtook almost every other tech stock on the market. The firm expects to grow revenue by 7% in the next four years as it attempts to jump back into mainstream relevance. 

Regulatory filings reveal that Fisher Asset Management owned over 22 million shares in Cisco Systems, Inc. (NASDAQ:CSCO) worth more than $1.1 billion at the end of the second quarter of 2021, representing 0.74% of the portfolio of the fund. 

At the end of the second quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $4.2 billion in Cisco Systems, Inc. (NASDAQ:CSCO), up from 59 in the previous quarter worth $5.1 billion.