8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Dec 4, 2012)

Filed December 4, 2012For Securities:WDC

Summary

Western Digital Corporation (WDC) filed an 8-K on December 3, 2012, to disclose the declaration of a quarterly cash dividend. The company's Board of Directors announced a dividend of $0.25 per share of Common Stock for the quarter ending December 28, 2012. This dividend is scheduled to be paid on December 26, 2012, to shareholders of record as of December 14, 2012. This filing highlights WDC's commitment to returning capital to shareholders. Investors should note that future dividend declarations are subject to the company's financial performance, cash flow, capital requirements, and any restrictions under its credit agreement, with the Board retaining the discretion to modify or cancel the dividend policy. The information regarding the dividend was also disseminated through a press release attached as an exhibit.

Key Highlights

  • 1Western Digital Corporation declared a cash dividend of $0.25 per share for the quarter ending December 28, 2012.
  • 2The dividend payment date is set for December 26, 2012.
  • 3Shareholders of record as of December 14, 2012, will receive the cash dividend.
  • 4The dividend declaration is in line with the company's established dividend policy.
  • 5Future dividends are contingent upon the company's financial health, cash flow, and capital needs.
  • 6The Board of Directors retains the right to alter or suspend the dividend policy at its discretion.
  • 7The disclosure was made via an 8-K filing on December 3, 2012, accompanied by a press release.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Western Digital Corporation's declaration of a quarterly cash dividend for its common stockholders.

The declared cash dividend is $0.25 per share of Common Stock, and it is scheduled to be paid on December 26, 2012.

Shareholders of Western Digital Corporation who are on record as of December 14, 2012, will be eligible to receive this cash dividend.

The company has a dividend policy, but future dividends are not guaranteed. Their declaration and payment are subject to various factors including financial position, results of operations, cash flows, capital requirements, credit agreement restrictions, and applicable law. The Board of Directors also retains the right to modify, suspend, or cancel the dividend policy at any time.