Seagate Technology Announces Quarterly Dividend of $0.76 Per Share
Seagate Technology Holdings plc (STX) has declared a quarterly dividend of $0.76 per share. The ex-dividend date is set for December 23, with the payment scheduled to be distributed on January 7 to shareholders of record as of that same date. The announcement comes amidst a period of shifting corporate focus for Seagate. While recent earnings reports showed an initial beat, the company has faced stock volatility due to valuation concerns and slower exabyte growth. Moving forward, management is expected to prioritize share repurchases alongside its dividend distributions.
Tickers: $STX
Topics: dividends quarterly earnings revenue guidance share repurchases