The acquisition price reflects a premium of 31.3% on Splunk’s price of $119.59 as of Wednesday's market close.

Cisco, having $26.1 billion in cash and equivalents as of the end of July, sees the acquisition to be finalized by the third quarter of the calendar year 2024.

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Dividends By The Numbers: Given the progress and strategic acquisition of Cisco, income-focused investors can potentially benefit with monthly dividends. Based on Cisco's current share price and dividend yield, here's how you can earn $500 a month from the stock.

To generate a monthly dividend income of $500, an investor would need to buy 3,846 shares of Cisco, which would run you about $204,778.

For a more conservative approach, a $40,956 investment, or 769 shares, would yield a monthly dividend of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. If the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

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