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Top 10 Dow Dividend Stocks for November

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#7: Cisco (CSCO)

cisco-stock-cscoDividend Yield: 3.2%
YTD Performance: +9%

You know technology stocks have really grown up when you start to see a few of them make the list of top dividend stocks.

Cisco Systems (CSCO) had a terrible third quarter, pummeling shares that were underperforming the broader market, anyway. The stock is now up just 9% on the year, but that has kept the dividend for new money from shrinking, at a still-appealing 3.2%.

Global information technology spending remains depressingly weak, and that will weigh on shares of Cisco for the foreseeable future. In the meantime, CSCO trades at a bargain-basement 10 times forward earnings, and the company added another $15 billion to its stock repurchase program.

Between that and the dividend, new money can afford to wait for IT spending — and CSCO — to bounce back.

Article printed from InvestorPlace Media,

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