Western Digital Corporation (NASDAQ:WDC – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, December 4th will be paid a dividend of $0.1750 per share by the data storage provider on Thursday, December 17th. This represents a $0.70 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, December 4th. This is a 16.7% increase from Western Digital’s previous quarterly dividend of $0.15.
Western Digital has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Western Digital to earn $34.27 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 1.8%.
Western Digital Price Performance
Shares of NASDAQ:WDC opened at $343.67 on Friday. The company has a market capitalization of $128.64 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.50 and a beta of 2.11. Western Digital has a 1 year low of $121.85 and a 1 year high of $799.87. The business’s 50 day simple moving average is $432.18 and its 200 day simple moving average is $479.51.
Western Digital (NASDAQ:WDC – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.53. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Western Digital had a return on equity of 56.91% and a net margin of 69.20%. The company’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. On average, sell-side analysts anticipate that Western Digital will post 19.69 EPS for the current fiscal year.
Western Digital Company Profile
Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.
The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.
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