IRVINE, Calif., Sept. 19, 2013 /PRNewswire/ -- Western
Digital® Corp. (NASDAQ: WDC) today announced that the
board of directors declared a cash dividend for the quarter ending
Sept. 27, 2013, of $0.25 per share of common stock (the "cash
dividend"). The cash dividend will be paid on Oct. 15, 2013, to the company's stockholders of
record as of Sept. 30, 2013.
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 existing credit agreement, 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 Corp. (NASDAQ: WDC), Irvine, Calif., is a global provider of
products and services that empower people to create, manage,
experience and preserve digital content. Its subsidiaries design
and manufacture storage devices, networking equipment and home
entertainment products under the WD®, HGST and
G-Technology brands. Visit the Investor section of the company's
website (www.westerndigital.com) to access a variety of financial
and investor information.
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 September quarter. 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 the impact of
continued uncertainty and volatility in global economic conditions;
supply and demand conditions in the hard drive industry;
uncertainties concerning the availability and cost of commodity
materials and specialized product components; actions by
competitors; unexpected advances in competing technologies;
uncertainties related to the development and introduction of
products based on new technologies and expansion into new data
storage markets; business conditions and growth in the various hard
drive markets; pricing trends and fluctuations in average selling
prices; and other risks and uncertainties listed in the company's
filings with the Securities and Exchange Commission (the "SEC"),
including the company's recent Form 10-K filed with the SEC on
August 19, 2013, to which your
attention is directed. Readers are cautioned not to 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 the WD logo are registered trademarks in
the U.S. and other countries. Other marks may be mentioned herein
that belong to other companies.
(Logo: http://photos.prnewswire.com/prnh/20000711/WDCLOGO)
SOURCE Western Digital Corp.