Summary
Western Digital Corporation (WDC) filed an 8-K on May 2, 2018, primarily to disclose a regular quarterly cash dividend. The company's Board of Directors declared a cash dividend of $0.50 per share for the quarter ending June 29, 2018. This dividend is scheduled to be paid on July 16, 2018, to shareholders of record as of June 29, 2018. This disclosure, made under Regulation FD, indicates ongoing capital return to shareholders. While the filing itself does not contain new financial statements or material business updates beyond the dividend declaration, it serves as formal notification to the market regarding the company's commitment to its dividend policy. Investors should note that this information is provided for informational purposes and is not deemed "filed" under Section 18 of the Exchange Act.
Key Highlights
- 1WDC declared a cash dividend of $0.50 per share.
- 2The dividend is for the fiscal quarter ending June 29, 2018.
- 3Payment date for the dividend is July 16, 2018.
- 4Record date for the dividend is June 29, 2018.
- 5The announcement was made on May 2, 2018, via an 8-K filing.
- 6This filing is primarily a Regulation FD disclosure regarding the dividend.
- 7The information is not considered "filed" for Section 18 of the Exchange Act purposes.