Western Digital Raises Quarterly Dividend 17% to $0.175 Per Share

Western Digital raised its quarterly dividend 17% to $0.175 per share, adding a payout increase to fiscal first-quarter results that showed revenue up 55% and non-GAAP earnings per share up 161%. The board set Dec. 4 as the record date for shareholders eligible for the payment, which is scheduled for Dec. 17. The dividend adds a payout detail to Western Digital’s quarterly results and second-quarter outlook . Revenue for the quarter ended Oct. 2 reached $4.381 billion, compared with $2.818 billion a year earlier. Non-GAAP diluted earnings per share rose to $4.64 from $1.78.

Source: TokenPost