Summary
Seagate Technology plc (STX) filed an 8-K on October 19, 2016, to report its financial results for the fiscal first quarter ended September 30, 2016. The filing primarily serves to attach a press release detailing these results and to disclose a board-approved quarterly cash dividend. Investors should note that the information provided is "furnished" and not "filed," meaning it does not carry the same legal liability under Section 18 of the Exchange Act. The company also provided an outlook for its second fiscal quarter of 2017 and highlighted a $0.63 per share quarterly cash dividend, payable in January 2017. Seagate also directs investors to its investor website for supplemental financial information and webcast details, emphasizing that material information may be routinely posted there. This report indicates a commitment to shareholder returns through dividends while managing expectations for future performance.
Key Highlights
- 1Seagate Technology plc reported its fiscal first quarter 2017 financial results via an 8-K filing on October 19, 2016.
- 2The company's Board of Directors approved a quarterly cash dividend of $0.63 per share.
- 3The dividend is payable on January 4, 2017, to shareholders of record on December 21, 2016.
- 4Seagate provided an outlook for its second fiscal quarter of 2017, including key underlying assumptions.
- 5Investors are encouraged to visit Seagate's Investor Relations website for supplemental financial information and webcasts.
- 6The information in this report is furnished and not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.
- 7The report includes a cautionary note regarding forward-looking statements, detailing potential risks and uncertainties that could affect actual results.