Summary
Western Digital Corporation (WDC) announced on August 3, 2016, that its Board of Directors has declared a cash dividend of $0.50 per share. This dividend is for the quarter ending September 30, 2016, and will be paid on October 17, 2016, to shareholders of record as of September 30, 2016. This announcement, made via a press release attached as an exhibit to the 8-K filing, signals the company's continued commitment to returning value to its shareholders. Investors should note that this dividend payment is part of the company's established dividend policy.
Key Highlights
- 1Declaration of a cash dividend of $0.50 per share.
- 2The dividend is for the quarter ending September 30, 2016.
- 3Payment date for the dividend is October 17, 2016.
- 4Record date for the dividend is September 30, 2016.
- 5The dividend declaration is in line with the company's stated dividend policy.
- 6The information was disclosed via a press release filed as an exhibit (Exhibit 99.1).
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the declaration of a quarterly cash dividend by Western Digital Corporation's Board of Directors.
The cash dividend is $0.50 per share, and it will be paid on October 17, 2016, to shareholders who are on record as of September 30, 2016.
Based on the filing, this dividend payment is described as being pursuant to the company's dividend policy, suggesting it is a continuation of their established practice for returning capital to shareholders rather than a change in strategy.
More details can be found in the press release issued by Western Digital Corporation on August 3, 2016, which is attached as Exhibit 99.1 to this 8-K filing.