GIVEAWAY: Netac Shadow Series RGB DDR5-4800 (16GB x 2) dual-channel memory kits

Seagate Technology Raises Targeted Annual Dividend 17% to $2.52

Seagate Technology plc (NASDAQ:STX) today announced that its Board of Directors has approved a 17 percent increase in the company's targeted regular cash dividend. The targeted annual dividend will increase from $2.16 to $2.52 per share and will continue to be paid quarterly. The first payment at the new quarterly rate of $0.63 per share is scheduled to be paid on November 20, 2015 to shareholders of record as of the close of business on November 6, 2015. The declaration and payment of any future quarterly dividends will continue to be at the discretion of the Board of Directors and will be dependent upon Seagate's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.

"Today's increase in our dividend targets reflects our confidence in Seagate's ability to continue to generate sustainable operating cash flow and maintain a strong balance sheet," said Steve Luczo, Seagate chairman and chief executive officer. "This is consistent with our capital allocation priorities we have previously articulated, including returning cash to shareholders through dividends and share redemption."

Last updated: Apr 7, 2020 at 12:10 pm CDT

PRICING: You can find products similar to this one for sale below.

USUnited States: Find other tech and computer products like this over at Amazon.com

UKUnited Kingdom: Find other tech and computer products like this over at Amazon.co.uk

AUAustralia: Find other tech and computer products like this over at Amazon.com.au

CACanada: Find other tech and computer products like this over at Amazon.ca

DEDeutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles