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Cultura

Cisco shares up after report of dividend


    SAN JOSE, California (Reuters) - Cisco Systems Inc will begin paying a dividend for the first time from 2011, CNBC reported on Tuesday.

    Shares in the company climbed more than 3 percent to $21.97 after the report. A Cisco spokesman said the company had not made such an announcement.

    Chief Executive John Chambers, speaking at a financial analyst meeting, said he would not alter his business strategy despite near-term challenges in the economy.

    In a prepared presentation, Cisco said it was seeing "mixed signals" today. But Chambers said the company would remain focused on long-term business trends.

    (Reporting by Ritsuko Ando)