Boston, MA 05/15/2014 (wallstreetpr) – On May 14, 2014, The Irvine, California-based Western Digital Corp (NASDAQ:WDC) declared a cash dividend. It is an international supplier of products and services that allow people to generate, manage, maintain and experience digital content. The company announced that its Board of Directors asserted a cash dividend of $0.40 on every share of ordinary stock for the quarter ending June, 27, 2014. The cash dividend will be paid to the company’s shareholders on July 15, 2014 as per the last record on June 27, 2014.
The dividend depends on certain factors
The total amount of future dividends under Western Digital Corp (NASDAQ:WDC)’s dividend policy, as well as the payment and declaration, thereof, will all be based on the relevant factors. In addition, the company’s operation results, its financial position, capital requirement, cash flows and limitations under the company’s ongoing credit agreement. In fact, all these shall be in conformity with applicable law.
The board maintain the power
The board of Western Digital Corp (NASDAQ:WDC) retains the authority to alter, cancel or suspend the company’s dividend policy at any time and in any manner according to its decision. If the board considers it appropriate and necessary in the future in doing so, it retains all right to bring in any modifications to the dividend policy of the business.
CEO of the company awarded
Just a week prior to the announcement of a cash dividend, the CEO and president of Western Digital, Steve Milligan was selected by B’nai B’rith International to receive its “Distinguished Achievement Award”. Steve is to receive the award in recognition of the accomplishments and achievements of corporate leaders and key communities from all across the globe. The award ceremony was scheduled on May 8, 2014 at the SLS Hotel in Los Angeles, California.
Allan J. Jacobs, the President of B’nai B’rith International, while speaking on this matter stated that it is highly excited on honouring Western Digital and especially Steve Milligan. It recognizes Western Digital Corp (NASDAQ:WDC)’s dedication and leadership to the community. And thus, the award goes to the most deserving candidate, added the President.
