Summary
This 8-K filing by Western Digital Corp. (WDC) primarily serves to announce a quarterly cash dividend. The company's Board of Directors declared a dividend of $0.50 per share of common stock. This dividend is for the quarter ending December 29, 2017, and will be paid on January 16, 2018, to shareholders of record as of December 29, 2017. This disclosure, made on November 1, 2017, under Regulation FD, ensures that all investors receive this material information simultaneously. While not a financial performance update, the consistent declaration of dividends signals the company's ongoing commitment to returning value to its shareholders and reflects confidence in its financial stability.
Key Highlights
- 1Western Digital Corporation (WDC) declared a quarterly cash dividend of $0.50 per share.
- 2The dividend is for the quarter ending December 29, 2017.
- 3Payment date for the dividend is January 16, 2018.
- 4Record date for the dividend is December 29, 2017.
- 5The announcement was made via a press release on November 1, 2017, and filed as part of an 8-K.
- 6This action is in line with the company's established dividend policy.
- 7Information is being disclosed under Regulation FD to ensure broad dissemination.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce the declaration of a quarterly cash dividend by Western Digital Corporation's Board of Directors.
The dividend is $0.50 per share. It will be paid on January 16, 2018.
Shareholders who are on record as of December 29, 2017, will be eligible to receive this dividend.
No, this specific 8-K filing does not provide updates on the company's financial performance or operational results. It solely focuses on the declaration of the cash dividend.