Cisco, the world’s largest maker of networking equipment has increased its dividend after reporting an income rise.

The company have said it will raise its dividend by 75% to 14 cents a share.

This follows the company’s fourth quarter net income rising to $1.9 billion from $1.2 billion a year ago.

Cisco credit their income rise to cost cutting and their current restructuring programme which aims to cut expenditure by $1 billion.

Read more about Cisco’s dividend rise on BBC News.

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