Summary
Western Digital Corporation (WDC) filed an 8-K on February 1, 2017, to announce its quarterly cash dividend. The Board of Directors declared a dividend of $0.50 per share for the quarter ending March 31, 2017. This dividend is scheduled to be paid on April 17, 2017, to shareholders of record as of March 31, 2017. This filing is primarily a routine disclosure concerning capital allocation to shareholders. While it doesn't contain operational or strategic updates, it provides clarity on the company's commitment to returning value to its investors through regular dividend payments, a key consideration for income-focused shareholders.
Key Highlights
- 1Western Digital Corporation declared a quarterly cash dividend of $0.50 per share.
- 2The dividend covers the quarter ending March 31, 2017.
- 3Payment date for the dividend is April 17, 2017.
- 4Record date for the dividend is March 31, 2017.
- 5The filing was made on February 1, 2017, with the earliest event reported on February 1, 2017.
- 6This information is provided under Regulation FD Disclosure (Item 7.01).
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the declaration of Western Digital Corporation's quarterly cash dividend.
The declared cash dividend is $0.50 per share.
The dividend will be paid on April 17, 2017, to shareholders who are on record as of March 31, 2017.
No, this specific filing (Item 7.01) is solely for the Regulation FD disclosure regarding the cash dividend and does not contain other operational or financial performance updates.