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)
