Western Digital Corporation (WDC) to Issue Quarterly Dividend of $0.15 on June 17th

Western Digital Corporation (NASDAQ:WDC) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.15 per share by the data storage provider on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 5th. This is a 20.0% increase from Western Digital’s previous quarterly dividend of $0.13.

Western Digital has increased its dividend by an average of 0.6%annually over the last three years. Western Digital has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western Digital to earn $16.71 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 3.6%.

Western Digital Trading Up 3.1%

WDC stock opened at $563.10 on Wednesday. The stock has a market capitalization of $194.09 billion, a price-to-earnings ratio of 33.62 and a beta of 2.13. The firm’s 50-day moving average price is $400.87 and its two-hundred day moving average price is $284.43. Western Digital has a 12-month low of $51.88 and a 12-month high of $571.18.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts predict that Western Digital will post 9.57 EPS for the current year.

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.