SAN JOSE, Calif.--(BUSINESS WIRE)--
Western Digital Corp. (NASDAQ: WDC) today announced that the board of
directors declared a cash dividend for the quarter ending Sept. 29,
2017, of $0.50 per share of common stock (the "cash dividend"). The cash
dividend will be paid on Oct. 16, 2017, to the company's stockholders of
record as of Sept. 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 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. 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-Q filed with the SEC on May 8, 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, WD and SanDisk 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. © 2017 Western Digital Corporation or its affiliates. All rights
reserved.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170802006639/en/
Western Digital Corp.
Media Contact:
Jim Pascoe
408.717.6999
jim.pascoe@wdc.com
or
Investor
Contact:
Bob Blair
949.672.7834
robert.blair@wdc.com
Source: Western Digital Corp.
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