Summary
Western Digital Corporation (WDC) filed an 8-K on January 29, 2018, primarily to announce its quarterly cash dividend. The Board of Directors declared a dividend of $0.50 per share for the quarter ending March 30, 2018. This dividend is scheduled to be paid on April 16, 2018, to stockholders of record as of March 30, 2018. This filing, under Item 7.01 Regulation FD Disclosure, is considered non-public information and is not deemed "filed" for regulatory purposes, meaning it won't be incorporated into future SEC filings unless specifically referenced. The attached press release provides further details on this dividend declaration, reinforcing the company's commitment to returning capital to its shareholders.
Key Highlights
- 1Western Digital (WDC) declared a quarterly cash dividend of $0.50 per share.
- 2The dividend is for the quarter ending March 30, 2018.
- 3The payment date for the dividend is April 16, 2018.
- 4The record date for the dividend is March 30, 2018.
- 5The announcement was made on January 27, 2018, and filed on January 29, 2018.
- 6The filing is a Regulation FD Disclosure and includes a press release as an exhibit.
- 7Information in this filing is generally not considered 'filed' for Section 18 purposes.
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 to its shareholders.
The declared cash dividend is $0.50 per share. It is expected to be paid on April 16, 2018.
Shareholders who are on record as of March 30, 2018, will be eligible to receive this cash dividend.
No, as this is a Regulation FD Disclosure, the information, including the press release, is not deemed "filed" for purposes of Section 18 of the Exchange Act and will not be automatically incorporated by reference into other filings unless expressly stated.