Western Digital Declares Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Quarterly Dividend Declaration: Western Digital has declared a quarterly dividend of $0.125 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 0.18%, which, while relatively low, still attracts income-seeking investors, reflecting the company's resilience in the current market environment.
- Payment Schedule: The dividend will be payable on March 18, with a record date of March 5 and an ex-dividend date also set for March 5, ensuring shareholders receive timely returns and further solidifying the relationship between the company and its investors.
- Revenue Growth Target: Western Digital outlines a target for Q3 revenue growth of 40% year-over-year, primarily driven by accelerating AI demand, indicating the company's strong growth potential in a rapidly evolving market.
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Analyst Views on WDC
Wall Street analysts forecast WDC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDC is 189.74 USD with a low forecast of 135.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 279.700
Low
135.00
Averages
189.74
High
250.00
Current: 279.700
Low
135.00
Averages
189.74
High
250.00
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions. It delivers hard disk drives (HDD) solutions for everyone from students, gamers, and home offices to enterprises and public clouds. The Company manufactures, markets, and sells data storage devices and solutions in the United States and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses multiple end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and end customers. Through the Client end market, it provides its original equipment manufacturer (OEM) and channel customers a range of hard drive solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Consumer end market offers a range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Western Digital Stock Hits All-Time High Ahead of Earnings
- Stock Performance: Western Digital Corp. (NASDAQ:WDC) surged to an all-time high of $284 on Wednesday, closing at $279.70 with a 10.79% increase, reflecting strong investor optimism ahead of its earnings report.
- Earnings Expectations: The company anticipates revenues of $2.9 billion for Q2 FY2026, with a variance of $100 million, and diluted earnings per share of $1.88, plus or minus $0.15, driven primarily by data center demand.
- Innovation Day Event: On February 3, Western Digital will host an Innovation Day in New York to showcase key innovations aimed at addressing the growing data storage needs in the AI-driven economy, further solidifying its market position.
- Analyst Rating Upgrade: Mizuho raised Western Digital's price target from $240 to $265 while reaffirming an “outperform” rating, indicating strong market confidence in the company's future performance.
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Western Digital Declares Quarterly Dividend
- Quarterly Dividend Declaration: Western Digital has declared a quarterly dividend of $0.125 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 0.18%, which, while relatively low, still attracts income-seeking investors, reflecting the company's resilience in the current market environment.
- Payment Schedule: The dividend will be payable on March 18, with a record date of March 5 and an ex-dividend date also set for March 5, ensuring shareholders receive timely returns and further solidifying the relationship between the company and its investors.
- Revenue Growth Target: Western Digital outlines a target for Q3 revenue growth of 40% year-over-year, primarily driven by accelerating AI demand, indicating the company's strong growth potential in a rapidly evolving market.
Continue Reading