Summary
Western Digital Corporation (WDC) has filed a Form 8-K to report on a routine dividend declaration. On November 3, 2016, the Board of Directors declared a quarterly cash dividend of $0.50 per share, payable on January 17, 2017, to shareholders of record as of December 30, 2016. This action aligns with the company's established dividend policy and reflects ongoing capital return to shareholders. While this filing is primarily informational regarding the dividend, it's important for investors to note the ex-dividend and payment dates, as these are key dates for determining who is eligible to receive the dividend. The information is presented under Regulation FD Disclosure and is incorporated by reference via an attached press release.
Key Highlights
- 1WDC declared a quarterly cash dividend of $0.50 per share.
- 2The dividend payment date is scheduled for January 17, 2017.
- 3Shareholders of record as of December 30, 2016, will receive the dividend.
- 4This declaration is in line with the company's established dividend policy.
- 5The announcement was made on November 3, 2016, via a Form 8-K filing.
- 6The filing includes an attached press release detailing the dividend announcement.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce Western Digital Corporation's declaration of a quarterly cash dividend, as per their established dividend policy.
The cash dividend is $0.50 per share. It will be paid on January 17, 2017.
Shareholders who hold WDC common stock and are recorded as shareholders as of December 30, 2016, will be eligible to receive the cash dividend.
No, this particular 8-K filing, under Item 7.01 Regulation FD Disclosure, specifically focuses on the dividend declaration and does not disclose other strategic changes or financial performance updates. These details are typically found in other SEC filings like quarterly earnings reports (10-Q) or annual reports (10-K).