Western Digital Board Declares Dividend for Fourth Fiscal Quarter 2017
May 03 2017 - 7:02PM
Business Wire
Western Digital Corp. (NASDAQ: WDC) today announced that the
board of directors declared a cash dividend for the quarter ending
June 30, 2017, of $0.50 per share of common stock (the "cash
dividend"). The cash dividend will be paid on July 17, 2017, to the
company's stockholders of record as of June 30, 2017.
The amount of future dividends under the company's dividend
policy, and the declaration and payment thereof, will be based upon
all relevant factors, including the company's financial position,
results of operations, cash flows, capital requirements and
restrictions under the company's financing documents, and shall be
in compliance with applicable law. The board retains the power to
modify, suspend or cancel the company's dividend policy in any
manner and at any time as it may deem necessary or appropriate in
the future.
About Western Digital
Western Digital is an industry-leading provider of storage
technologies and solutions that enable people to create, leverage,
experience and preserve data. The company addresses ever-changing
market needs by providing a full portfolio of compelling,
high-quality storage solutions with customer-focused innovation,
high efficiency, flexibility and speed. Our products are marketed
under the HGST, SanDisk and WD brands to OEMs, distributors,
resellers, cloud infrastructure providers and consumers. Financial
and investor information is available on the company's Investor
Relations website at investor.wdc.com.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements
concerning the company's dividend for the fourth fiscal quarter
ending June 30, 2017. These forward-looking statements are based on
management's current expectations and are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements,
including: uncertainties with respect to the company’s business
ventures with Toshiba; volatility in global economic conditions;
business conditions and growth in the storage ecosystem; pricing
trends and fluctuations in average selling prices; the availability
and cost of commodity materials and specialized product components;
actions by competitors; unexpected advances in competing
technologies; the development and introduction of products based on
new technologies and expansion into new data storage markets and
other risks and uncertainties listed in the company’s filings with
the Securities and Exchange Commission (the “SEC”), including the
company’s Form 10-Q filed with the SEC on Feb. 7, 2017, to which
your attention is directed. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
hereof, and the company undertakes no obligation to update these
forward-looking statements to reflect subsequent events or
circumstances.
Western Digital, WD and SanDisk are registered trademarks or
trademarks of Western Digital Corporation or its affiliates in the
U.S. and/or other countries. Other trademarks, registered
trademarks, and/or service marks, indicated or otherwise, are the
property of their respective owners. © 2017 Western Digital
Corporation or its affiliates. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20170503006797/en/
Western Digital Corp.Media:Jim Pascoe,
408-717-6999jim.pascoe@wdc.comorInvestors:Bob Blair,
949-672-7834robert.blair@wdc.com
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