Summary
Western Digital Corporation (WDC) filed an 8-K on May 3, 2017, to announce the declaration of a quarterly cash dividend. The company's Board of Directors approved a dividend of $0.50 per share for the quarter ending June 30, 2017. This dividend is scheduled to be paid on July 17, 2017, to shareholders of record as of June 30, 2017. This announcement, disseminated via press release as Exhibit 99.1, falls under Regulation FD disclosure and is intended to inform investors about the company's commitment to returning value to shareholders. While the information is not deemed "filed" for certain regulatory purposes, it serves as a direct communication on dividend policy and payout.
Key Highlights
- 1WDC declared a cash dividend of $0.50 per share for the quarter ending June 30, 2017.
- 2The dividend payment date is set for July 17, 2017.
- 3Shareholders of record as of June 30, 2017, will be eligible to receive the dividend.
- 4The announcement was made on May 3, 2017, via an 8-K filing.
- 5The dividend declaration underscores the company's ongoing commitment to shareholder returns.
- 6The information is provided under Regulation FD disclosure.
Frequently Asked Questions
Western Digital declared a cash dividend of $0.50 per share.
The dividend will be paid on July 17, 2017.
Shareholders of record as of June 30, 2017, will receive the dividend.
This dividend is for the quarter ending June 30, 2017, which is also noted as the fourth fiscal quarter of 2017 for the company.