Western Digital Corporation (NASDAQ:WDC) Declares $0.13 Quarterly Dividend

Western Digital Corporation (NASDAQ:WDC) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Thursday, March 5th will be given a dividend of 0.125 per share by the data storage provider on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th.

Western Digital has raised its dividend payment by an average of 0.6%annually over the last three years. Western Digital has a payout ratio of 9.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Western Digital to earn $8.15 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 6.1%.

Western Digital Stock Performance

Shares of NASDAQ WDC traded down $18.27 during trading hours on Friday, hitting $260.14. 8,013,095 shares of the company’s stock were exchanged, compared to its average volume of 9,523,177. The stock has a market capitalization of $88.94 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 1.33 and a beta of 1.78. The company’s 50-day moving average price is $191.38 and its 200-day moving average price is $135.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94. Western Digital has a 1-year low of $28.83 and a 1-year high of $285.42.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the business posted $1.77 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, sell-side analysts expect that Western Digital will post 4.89 earnings per share for the current fiscal year.

Key Headlines Impacting Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Reported fiscal Q2 results beat expectations: EPS $2.13 vs. $1.93 est., revenue $3.02B (up ~25% YoY). Management highlighted strong demand for data?center and AI storage. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management issued upbeat Q3 guidance (EPS range 2.15–2.45; revenue ~$3.1B–$3.3B), above Street forecasts — an explicit signal that AI/server storage demand should remain strong. Western Digital expects quarterly revenue above estimates on strong storage demand (Reuters)
• Positive Sentiment: Analysts and the market have pushed the stock higher ahead of results (peer Seagate’s strong print helped the group); TD Cowen raised its WDC price target to $325 and maintains a Buy — a material catalyst for further upside.
• Neutral Sentiment: Company declared a quarterly cash dividend of $0.125/share (small yield ~0.2%); modest income signal but not a major price driver.
• Negative Sentiment: Some market commentary flagged WDC as “overbought” heading into earnings, increasing the risk of near?term pullbacks despite strong fundamentals. Western Digital Stock Is in Overbought Territory Ahead of Earnings (Barchart)
• Negative Sentiment: Prominent commentators (e.g., Jim Cramer) warned about “chasing” memory/storage rallies — a behavioral headwind that can amplify selling if momentum falters. Jim Cramer Says He Doesn’t “Want to Chase” Storage Memory Plays

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.