8-KRegulation FDExhibits & Filings

WESTERN DIGITAL CORP 8-K Report, Regulation FD Disclosure (Feb 7, 2014)

Filed February 7, 2014For Securities:WDC

Summary

Western Digital Corporation (WDC) filed a Form 8-K on February 6, 2014, primarily to disclose the declaration of a quarterly cash dividend. The Board of Directors approved a dividend of $0.30 per share of Common Stock for the quarter ending March 28, 2014. This dividend is scheduled to be paid on April 15, 2014, to shareholders of record as of March 28, 2014. While the company reiterated its dividend policy, it also emphasized that future dividend declarations are subject to various factors, including financial performance, cash flow, capital needs, and any existing credit agreement restrictions. The Board retains the discretion to modify, suspend, or cancel the dividend policy at any time. Investors should note that this filing does not contain new financial statements or material business updates, but focuses solely on the dividend declaration.

Key Highlights

  • 1Declaration of a $0.30 per share cash dividend for the quarter ending March 28, 2014.
  • 2The dividend payment date is set for April 15, 2014.
  • 3Record date for dividend eligibility is March 28, 2014.
  • 4The company's dividend policy is subject to ongoing review by the Board of Directors.
  • 5Future dividend amounts will depend on financial position, results of operations, cash flows, and capital requirements.
  • 6Compliance with existing credit agreement restrictions and applicable law is a condition for future dividends.
  • 7The Board of Directors retains the right to modify, suspend, or cancel the dividend policy.

Frequently Asked Questions

The primary purpose of this Form 8-K filing is to publicly announce that Western Digital Corporation's Board of Directors has declared a quarterly cash dividend of $0.30 per share for the quarter ending March 28, 2014.

The cash dividend will be paid on April 15, 2014, to all shareholders who are recorded as owners of the company's common stock as of the close of business on March 28, 2014.

No, the dividend is not guaranteed to continue. Western Digital's dividend policy states that future dividend declarations will depend on the company's financial performance, cash flow, capital needs, and any restrictions under its credit agreements. The Board of Directors has the authority to change, stop, or cancel the dividend policy at any time.

No, this specific 8-K filing is limited to the declaration of the cash dividend. It does not include any new financial statements, earnings reports, or strategic business updates.