Western Digital Board Declares Dividend for First Fiscal Quarter 2017
August 03 2016 - 8:55PM
Business Wire
Western Digital Corp. (NASDAQ: WDC) today announced that the
board of directors declared a cash dividend for the quarter ending
Sept. 30, 2016, of $0.50 per share of common stock (the "cash
dividend"). The cash dividend will be paid on Oct. 17, 2016, to the
company's stockholders of record as of Sept. 30, 2016.
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 first fiscal quarter
ending Sept. 30, 2016. 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; 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 and
SanDisk Corporation’s most recent quarterly reports on Form 10-Q
filed with the SEC on May 9, 2016 and May 2, 2016, respectively, 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, the HGST logo, SanDisk and G-Technology 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160803006839/en/
Western Digital Corp.Investor Relations:Bob Blair,
949-672-7834robert.blair@wdc.comorMedia:Jim Pascoe,
408-717-5950jim.pascoe@wdc.com
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