Western Digital Corporation (NASDAQ:WDC) Updates On Dividend Release Date


On 2016-08-04, Western Digital Corporation (NASDAQ:WDC) confirmed the dividend disbursement of $0.5 a share to shareholders as on record 2016-09-30. The firm will release dividend on 2016-10-17 while ex-dividend date is reported to be 2016-09-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Western Digital Corporation (NASDAQ:WDC) paid a total of $0.5 per share in dividends. This figure stood at $0.5 a share in the same period a year ago indicating a deviation of 11.1111%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $60.785 on the stock. This figure is the average of recommendations offered by 14 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $97 and $35, respectively.

Taking the mathematical rating formula, the price for Western Digital Corporation (NASDAQ:WDC) stands at 1.91. Earnings Review Western Digital Corporation (NASDAQ:WDC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.89.

Coming to the quarter ending on 2016-06-30, Western Digital Corporation (NASDAQ:WDC) recorded EPS of $0.79. The reported numbers came lower than the analysts’ estimates of $0.72, demonstrating a miss of $0.07 as against reported figures.

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