CSCO · 10-K · 2026A · Full report

Capital Return Program

CISCO SYSTEMS, INC. · 2026-09-02 · Importance 42 · Surprise 14 · In source text

Cisco returned $12.659 billion to stockholders in fiscal 2026 through $6.553 billion of dividends and $6.106 billion of common-stock repurchases. Dividends paid increased from $6.437 billion in fiscal 2025, and the annual per-share dividend increased to $1.66 from $1.62. The company repurchased shares at a weighted-average price of $80.26 and had approximately $8.1 billion remaining under its authorization as of July 25, 2026, with no termination date. The board declared a $0.42 quarterly dividend payable October 21, 2026, to holders of record October 2, 2026.

Key facts

• As of July 25, 2026, the remaining authorized amount for stock repurchases under the program is approximately $8.1 billion with no termination date. source
• Cisco targets to return a minimum of 50% of free cash flow annually to stockholders through cash dividends and repurchases of common stock. source
• Dividends per share were $1.66 in fiscal 2026 and dividends paid amounted to $6,553 million; weighted-average repurchase price per share under the stock repurchase program was $80.26 and amount repurchased was $6,106 million in fiscal 2026. source
• Repurchases of common stock under the stock repurchase program were $6,106 million in fiscal 2026 and $5,995 million in fiscal 2025. source
• Dividends paid were $6,553 million in fiscal 2026 and $6,437 million in fiscal 2025. source
• On August 12, 2026, the Board declared a quarterly dividend of $0.42 per common share to be paid on October 21, 2026 to stockholders of record as of October 2, 2026. source

Impact estimates