Western Digital Corporation (WDC) to Distribute Quarterly Dividend of $0.15 on September 17th

Western Digital Corporation (NASDAQ:WDC) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.15 per share by the data storage provider on Thursday, September 17th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th.

Western Digital has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Western Digital to earn $34.03 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 Trading Up 5.9%

NASDAQ:WDC opened at $467.46 on Friday. The company has a market cap of $161.12 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.98 and a beta of 2.13. The company has a 50 day simple moving average of $506.03 and a two-hundred day simple moving average of $445.72. Western Digital has a 12 month low of $91.43 and a 12 month high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.25. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company’s revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Research analysts forecast that Western Digital will post 19.65 earnings per share for the current year.

Key Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: A broad rally in memory stocks lifted Western Digital alongside SK Hynix and Seagate. Investors appear to be responding to stronger memory pricing, supply tightness and continued demand from artificial-intelligence data centers. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: Western Digital’s investment case is supported by AI-driven storage growth, higher hard-disk-drive pricing and expanding margins. Recent earnings also showed revenue growth and earnings above consensus, while management’s next-quarter guidance points to continued momentum. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Positive Sentiment: China’s progress in memory manufacturing is not viewed as an immediate threat because Western Digital and peers reportedly have capacity committed under multiyear contracts. That could help protect near-term pricing and margins. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets above the current trading level, but the stock’s sharp six-month advance has made expectations demanding. Investors are watching whether future earnings estimates can justify the valuation. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Negative Sentiment: Recent insider transactions have consisted of sales rather than purchases, including a director’s sale of roughly $2.5 million in shares. Insider selling and profit-taking previously pressured WDC, while the stock’s elevated valuation leaves it vulnerable if storage-sector momentum fades. Western Digital Falls as Sector Weakness and Insider Selling Weigh on Shares

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.