If You Had Invested Right After Cisco's IPO

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If you had sold your Cisco shares during the height of the dot-com bubble (2001), your initial IPO investment of $1,000 would have been worth $1.264 million, representing a CAGR of over 104%.

As the dot-com bubble began to burst, Cisco lost 80% of its value from March 2000 to March 2001. As of February 2018, the company still trades nearly 50% below its all-time high.

Dividend Reinvestments

The company began paying a dividend in 2011 after pressure from shareholders. Reinvestment of dividends would not have had a significant impact on your CAGR since they have only been paid for a short period of time and missed the extremely high-growth years. In comparison, Coca-Cola has been paying a quarterly dividend since 1920, which has aided its annual growth rate by over 4.2%.

Updated Aug 6, 2018
Since the recession of 2008 the company’s stock has doubled, it initiated its quarterly dividend program, and it has made massive share repurchases.