Seagate Technology. (NASDAQ:STX) Updates On Dividend Release Date


On 2016-08-02, Seagate Technology. (NASDAQ:STX) confirmed the dividend disbursement of $0.63 a share to shareholders as on record 2016-09-21. The firm will release dividend on 2016-10-05 while ex-dividend date is reported to be 2016-09-19.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Seagate Technology. (NASDAQ:STX) paid a total of $0.63 per share in dividends. This figure stood at $0.63 a share in the same period a year ago indicating a deviation of 18.5366%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $34.588 on the stock. This figure is the average of recommendations offered by 17 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $50 and $27, respectively.

Taking the mathematical rating formula, the price for Seagate Technology. (NASDAQ:STX) stands at 2.86. Earnings Review Seagate Technology. (NASDAQ:STX) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $0.75.

Coming to the quarter ending on 2016-06-30, Seagate Technology. (NASDAQ:STX) recorded EPS of $0.69. The reported numbers came lower than the analysts’ estimates of $0.6, demonstrating a miss of $0.09 as against reported figures.

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