Cisco Shares Surge Amid Dividend Payout and Strong AI Momentum

Cisco Systems Inc (NASDAQ:CSCO) shares rose 3.2% on Friday to reach $112.23 before closing at $112.20.

The increase in stock price was accompanied by a decline in trading volume, with 16.4 million shares changing hands, which is 27% fewer than the average session volume of 22.6 million shares.

The company's dividend payout has been a significant factor in its appeal to investors, with approximately $1.66 billion set to be distributed on October 21.

Cisco's AI infrastructure momentum remains strong, with product orders increasing by 35% year-over-year in the fiscal fourth quarter of 2026 and exceeding Wall Street expectations.