Western Digital Board Declares Quarterly Dividend
February 13 2020 - 4:45PM
Business Wire
Western Digital Corp. (NASDAQ: WDC) today announced that the
board of directors declared a quarterly cash dividend of $0.50 per
share of common stock (the "cash dividend"). The cash dividend will
be paid on April 17, 2020, to the company's stockholders of record
as of April 3, 2020.
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, a leader in data infrastructure, creates
environments for data to thrive. The company is driving the
innovation needed to help customers capture, preserve, access and
transform an ever-increasing diversity of data. Everywhere data
lives, from advanced data centers to mobile sensors to personal
devices, our industry-leading solutions deliver the possibilities
of data. Our data-centric solutions are comprised of the Western
Digital®, G-Technology™, SanDisk® and WD® brands. Financial and
investor information is available on the company's Investor
Relations website at investor.wdc.com.
Forward-Looking Statements
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 quarterly dividend. 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: volatility in global
economic conditions; business conditions and growth in the storage
ecosystem; impact of restructuring activities and cost saving
initiatives; impact of competitive products and pricing; market
acceptance 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; risks associated with acquisitions, divestitures,
mergers and joint ventures; difficulties or delays in
manufacturing; 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
February 11, 2020, 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, the Western Digital logo, G-Technology, HGST,
SanDisk and WD are registered trademarks or trademarks of Western
Digital Corporation or its affiliates in the U.S. and/or other
countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005919/en/
Western Digital Corp.
Investor Contact: T. Peter Andrew 949-672-9655
peter.andrew@wdc.com investor@wdc.com
Media Contact: Jim Pascoe 408-717-6999 jim.pascoe@wdc.com
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