Wow - finally, after 10 years of going nowhere in price, Cisco finally decides that in 2011, "the time is right" to start paying a dividend on their stock. Pretty ironic, as that is when qualified dividends no longer have special tax treatment.
Hah! This is funny to me. They sure took long enough.
I think this really signals that companies get it that the investor has changed and is not willing to sit around waiting for "growth". Of course, they finally realize that investors have left stocks in droves to buy income yielding bonds instead.
I guess Hell would perhaps really be frozen if Apple declared a dividend. But then Apple can still claim to be a strong growth company and they have rewarded shareholders handsomely over the past decade. Unlike Cisco.