Cisco paid its first dividend in , and it has increased these payouts every year since. As a result, if the securities that are the subject of this Form D are «covered securities» for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA’s preservation of their anti-fraud authority. The increased revenues that will likely come from 5G will also ensure that the company can afford the dividend increases. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount. April 25, Comments 0 Blog , Current Investigations. The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.