Seagate Technology Raises Targeted Annual Dividend 17% to $2.52
21 Ottobre 2015 - 10:06PM
Business Wire
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 redemptions.”
About Seagate
Seagate creates space for the human experience by innovating how
data is stored, shared and used. Learn more
at www.seagate.com.
©2015 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology, and the Seagate logo are trademarks or
registered trademarks of Seagate Technology LLC in the United
States and/or other countries.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended, including, in particular, statements about our plans,
strategies and prospects and estimates of industry growth for the
fiscal quarter January 1, 2016 and the fiscal year
ending July 1, 2016 and beyond as well as our plans with
respect to future dividend payments. These statements identify
prospective information and may include words such as “expects,”
“intends,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “projects” and similar expressions. These
forward-looking statements are based on information available to
the Company as of the date of this press release and are based on
management’s current views and assumptions. These forward-looking
statements are conditioned upon and also involve a number of known
and unknown risks, uncertainties, and other factors that could
cause actual results, performance or events to differ materially
from those anticipated by these forward-looking statements. Such
risks, uncertainties, and other factors may be beyond the Company’s
control and may pose a risk to the Company’s operating and
financial condition. Such risks and uncertainties include, but are
not limited to: the uncertainty in global economic conditions; the
impact of the variable demand and adverse pricing environment for
disk drives, particularly in view of current business and economic
conditions; the Company’s ability to successfully qualify,
manufacture and sell its disk drive products in increasing volumes
on a cost-effective basis and with acceptable quality, particularly
the new disk drive products with lower cost structures; the impact
of competitive product announcements; currency fluctuations that
may impact the Company’s margins and international sales; possible
excess industry supply with respect to particular disk drive
products; disruptions to our supply chain or production
capabilities; unexpected advances in competing technologies; the
development and introduction of products based on new technologies
and expansion into new data storage markets; and the Company’s
ability to achieve projected cost savings in connection with
restructuring plans and fluctuations in interest rates. Information
concerning risks, uncertainties and other factors that could cause
results to differ materially from the expectations described in
this press release is contained in the Company’s Annual Report on
Form 10-K filed with the U.S. Securities and Exchange Commission on
August 11, 2015, the “Risk Factors” section of which is
incorporated into this press release by reference, and other
documents filed with or furnished to the Securities and Exchange
Commission. These forward-looking statements should not be relied
upon as representing the Company’s views as of any subsequent date
and the Company undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made.
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version on businesswire.com: http://www.businesswire.com/news/home/20151021006429/en/
Seagate Technology plcEric DeRitis,
408-658-1561eric.deritis@seagate.com
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