Western Digital Corporation (NASDAQ:WDC) Declares Dividend Increase – $0.15 Per Share

Western Digital Corporation (NASDAQ:WDC) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, June 5th will be given a dividend of 0.15 per share by the data storage provider on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a 20.0% increase from Western Digital’s previous quarterly dividend of $0.13.

Western Digital has raised its dividend payment by an average of 0.6%per year over the last three years. Western Digital has a dividend payout ratio of 9.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Western Digital to earn $13.68 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 3.7%.

Western Digital Price Performance

WDC stock traded up $5.81 on Friday, reaching $440.33. The company had a trading volume of 4,332,037 shares, compared to its average volume of 9,196,042. Western Digital has a 1 year low of $43.60 and a 1 year high of $441.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The company’s fifty day moving average is $314.33 and its 200 day moving average is $233.19. The company has a market cap of $149.29 billion, a P/E ratio of 44.17, a PEG ratio of 0.86 and a beta of 1.77.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the company earned $1.77 EPS. Western Digital’s revenue was up 25.2% on a year-over-year basis. On average, research analysts forecast that Western Digital will post 8.61 earnings per share for the current year.

More Western Digital News

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

• Positive Sentiment: Q3 results beat — WDC reported revenue of $3.34B (up ~45% YoY) and EPS $2.72, topping estimates; management raised FY‑Q4 guidance (EPS and revenue). This is the primary fundamental driver supporting the stock. Earnings Release & Call
• Positive Sentiment: Analyst upgrades and higher targets — Rosenblatt raised its price target from $340 to $500 and gave a “buy” rating; other brokers (reported TD Cowen/Blockonomi) have also lifted targets, supporting further upside expectations. Rosenblatt PT Raise
• Positive Sentiment: Demand tailwinds & product mix — Management and peers signaled continuing enterprise/hyperscaler spending for AI storage, which is improving pricing power and margins for nearline HDDs and cloud SSDs. Reuters: AI Storage Demand
• Neutral Sentiment: Capital returns — WDC announced a 20% increase in its quarterly dividend to $0.15 and had earlier authorized a $4B share‑repurchase program; both support long‑term shareholder returns but are less likely to move price intraday.
• Negative Sentiment: Late profit‑taking and “buy the rumor, sell the news” dynamics — Despite the beats, several outlets noted the stock slipped and pulled back as traders locked in gains after a near‑900% 12‑month run for the group. Yahoo: Stock Falls Despite Beat
• Negative Sentiment: Sector rotation and volatility — Coverage notes the broader “memory trade” is showing choppy flows; strong prior gains in WDC/STX increase the chance of short‑term pullbacks even after positive fundamentals. MarketWatch: Memory Trade Faltering
• Negative Sentiment: Pre‑market/peer volatility — Early pre‑market movers included SanDisk and other memory names trading lower, adding pressure to WDC in overnight sessions. Benzinga: Pre‑Market Movers

Western Digital Company Profile

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.