Summary
Western Digital Corporation (WDC) filed an 8-K on May 4, 2016, to announce a quarterly cash dividend. The Board of Directors declared a cash dividend of $0.50 per share for the quarter ending July 1, 2016. This dividend is scheduled to be paid on July 15, 2016, to shareholders of record as of July 1, 2016. This filing primarily serves as a disclosure of the company's ongoing commitment to returning capital to its shareholders. While this specific 8-K does not contain significant financial performance updates or strategic business developments, it is important for investors to note the consistent dividend payout, which can be an indicator of financial stability and management's confidence in future cash flows.
Key Highlights
- 1Western Digital Corp. declared a cash dividend of $0.50 per share.
- 2The dividend is for the quarter ending July 1, 2016.
- 3The payment date for the dividend is July 15, 2016.
- 4Shareholders of record as of July 1, 2016, will receive the dividend.
- 5The filing is made under Regulation FD Disclosure (Item 7.01).
- 6A press release detailing the dividend announcement is attached as Exhibit 99.1.
- 7The information provided is not considered 'filed' for Section 18 liability purposes.
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 to its shareholders.
The cash dividend is $0.50 per share. It will be paid on July 15, 2016.
Shareholders who are on record with the company as of July 1, 2016, are eligible to receive the dividend.
No, this specific 8-K filing does not contain detailed financial statements or information about recent business operations. It solely serves to disclose the declaration of the cash dividend.