You are not registered yet. Please click here to register!
[Techpowerup.com] (PR) Seagate Announces Quarterly Cash Dividend Increase by 39%, Share Repurchase of $1B - i4memory.com - different look at memory
i4memory.com - different look at memory
Home > Online > Reviews & News Online > [Techpowerup.com] (PR) Seagate Announces Quarterly Cash Dividend Increase by 39%, Share Repurchase of $1B
Tags Register Blogs FAQ Members List Calendar Mark Forums Read

Notices

Reply
 
Thread Tools
Old 28-01-2012, 04:50 AM   #1
News
News Hound
News's PC Specs
 
Join Date: May 19 2008
Posts: 41,710
[Techpowerup.com] (PR) Seagate Announces Quarterly Cash Dividend Increase by 39%, Share Repurchase of $1B

Seagate Technology plc ("Seagate" or the "Company") (NASDAQ:STX) today announced that its Board of Directors (the "Board") has approved an increase to its quarterly cash dividend from $0.18 per share to $0.25 per share, an increase of 39%. The increase is effective with the dividend payable on March 1, 2012 to shareholders of record as of the close of business on February 15, 2012. The payment of any future quarterly dividends will be at the discretion of the Board 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.

Additionally, the Board has authorized the Company to repurchase an additional $1 billion of its outstanding common shares (the "January 2012 authorization"). The January 2012 authorization extends Seagate's commitment to enhancing shareholder value by utilizing the robust cash generation ability of its business. To date, Seagate has utilized approximately $1.1 billion against the existing $2 billion share repurchase authorization approved by the Board on November 29, 2010 to repurchase 67.8 million shares. The remaining balance of the November 2010 authorization ($0.9 billion) is expected to be utilized by the end of fiscal year 2012 (June 29, 2012), market and other economic conditions permitting.

More...
News is offline   Reply With Quote
Reply

Bookmarks

Tags
$1b, 39%, announces, cash, dividend, increase, quarterly, repurchase, seagate, share, techpowerupcom


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools


Similar Threads for: [Techpowerup.com] (PR) Seagate Announces Quarterly Cash Dividend Increase by 39%, Share Repurchase of $1B
Thread Thread Starter Forum Replies Last Post
[Techpowerup.com] (PR) Intel Declares Quarterly Cash Dividend News Reviews & News Online 0 26-01-2012 10:41 PM
[Techpowerup.com] (PR) Seagate Announces Momentus XT Solid-State Hybrid Hard Drive for Notebooks News Reviews & News Online 0 30-11-2011 03:20 AM
[Techpowerup.com] (PR) Seagate Announces World's First 4 TB Desktop Hard Drive News Reviews & News Online 0 07-09-2011 07:10 PM
[Techpowerup.com] (PR) QNAP Announces That All Turbo NAS Series Now Work with Hitachi and Seagate 3TB HDDs News Reviews & News Online 0 02-03-2011 03:00 AM
[Techpowerup.com] (PR) Seagate Announces New Cheetah 15K.7 and Cheetah NS.2 Hard Drives News Reviews & News Online 0 14-01-2009 08:11 AM


All times are GMT +11. The time now is 05:53 PM.

no new posts