Western Digital Corp. (NASDAQ: WDC) board of directors has declared a cash dividend for the quarter ending Sept. 29, 2017, of USD 0.50 per share of common stock, the company said.
The cash dividend will be paid on Oct. 16, 2017, to the company´s stockholders of record as of Sept. 29, 2017.
The amount of future dividends under the company´s dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company´s financial position, results of operations, cash flows, capital requirements and restrictions under the company´s financing documents, and shall be in compliance with applicable law. The board retains the power to modify, suspend or cancel the company´s dividend policy in any manner and at any time as it may deem necessary or appropriate in the future.
Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed.