Western Digital declared a dividend Q3 2016 -
Editor's Note:
The previous years, it shows a considerable drop in the share dividends for Western digital shareholders. So what does that all mean? We have explained in a previous article that the bottom seems to have fallen on hard Dribe market over the last 2 years due to investment and consumption trends pointing to different technolgies more storage Western Digital and Seagate with its main competitor will diversify as soon as they can in new technolgies whether they should start providing better dividends to their shareholders and better products for their clients. We must keep an eye to see where these Hard Drive companies move in the coming months and in 2017.
Press release as follows:
IRVINE, California , February. 10, 2016 - Western Digital ® Corp. (NASDAQ: WDC) today announced that the Board of Directors declared a cash dividend for the quarter ending April 1, 2016, of $ 0.50 per common share (the "cash dividend") The. cash dividend will be paid April 15, 2016, the company's registered shareholders as of 1 April 2016.
the amount of future dividends under the dividend policy of the company, and the statement and the payment thereof, shall be based on all relevant factors, including the financial position of the business, results of operations, cash flows, capital requirements and restrictions under the existing agreement of the company credit, and must be in compliance with applicable law.
the Board of Directors reserves the power to modify, suspend or cancel the dividend policy of the company any manner and at any time it deems necessary or appropriate in the future.
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