Western Digital Board Declares Dividend for Second Fiscal Quarter 2018
November 01 2017 - 11:22PM
Business Wire
Western Digital Corp. (NASDAQ: WDC) today announced that the
board of directors declared a cash dividend for the quarter ending
Dec. 29, 2017, of $0.50 per share of common stock (the "cash
dividend"). The cash dividend will be paid on Jan. 16, 2018, to the
company's stockholders of record as of Dec. 29, 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 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.
Western Digital® data-centric solutions are marketed under the
G-Technology™, HGST, SanDisk®, Tegile™, Upthere™ and WD®
brands.
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 dividend for the second fiscal quarter
ending Dec. 29, 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; 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, 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-K filed with the SEC on
Aug. 29, 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, the Western Digital logo, G-Technology, HGST,
SanDisk, Tegile, Upthere and WD are registered trademarks or
trademarks of Western Digital Corporation or its affiliates in the
US and/or other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20171101007020/en/
Western Digital Corp.Media Contact:Jim
Pascoe408.717.6999jim.pascoe@wdc.comorInvestor Contact:Bob
Blair949.672.7834robert.blair@wdc.com
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