Western Digital Board Declares Dividend for Fourth Fiscal Quarter 2017
Western Digital Corp. (NASDAQ: WDC) today announced that the board of directors declared a cash dividend for the quarter ending
June 30, 2017, of $0.50 per share of common stock (the "cash dividend"). The cash dividend will be paid on July 17, 2017, to the
company's stockholders of record as of June 30, 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 fourth fiscal quarter ending
June 30, 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; pricing trends and fluctuations in average selling prices; the
availability 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 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 Feb. 7, 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.
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Western Digital Corp.
Media:
Jim Pascoe, 408-717-6999
jim.pascoe@wdc.com
or
Investors:
Bob Blair, 949-672-7834
robert.blair@wdc.com
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