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Western Digital Corporation (NASDAQ: WDC), a leading global provider of data storage solutions, has officially announced the reinstatement of its quarterly dividend payments, marking a significant milestone in the company’s post-pandemic recovery strategy. The move, approved by the Board of Directors, reflects renewed financial stability, operational momentum, and a strategic commitment to delivering shareholder value.
Western Digital's earnings press release from April 30th 2025 states:
On April 29, 2025, the company’s Board of Directors authorized the adoption of a quarterly cash dividend program beginning with the quarter ending June 27, 2025 and declared a cash dividend of $0.10 per share of the company’s common stock, payable on June 18, 2025 to shareholders of record as of June 4, 2025.
Dividends paused since 2020
Western Digital last paid a dividend in early 2020 before suspending the program amid pandemic-induced financial uncertainty and macroeconomic headwinds. At that time, the company redirected capital to bolster liquidity, reduce debt, and invest in R&D to maintain its competitive edge in the data storage industry.
The past few years have seen Western Digital undergo significant restructuring, streamline its operations, and invest in next-generation technologies. A notable highlight was the company's successful separation of its HDD and Flash businesses, unlocking greater value and operational efficiency. This improved financial posture, along with favorable market dynamics, has enabled the firm to revisit capital returns.
