Key Takeaways for Cisco Systems Stock as of July 2026

• Cisco returned $2.9 billion to shareholders in its fiscal third quarter of 2026, split between $1.7 billion in dividends and $1.3 billion in buybacks, with $9.6 billion still authorized for repurchases.
• The quarterly dividend rose to $0.42.
• Cisco’s payout ratio fell to 49%, down from 74% two years earlier, even as the stock’s run higher pushed the dividend yield down to 1.5% as of mid-July, a shift that leaves the payout better covered but less rewarding to chase for yield alone.
• TIKR’s mid-case model puts Cisco stock’s target price at $119 by July 2030, worth a 6% total return, or roughly 2% annualized, from today’s $112 share price.

Cisco just handed…