Western Digital To Buy Back Addl. $2.0 Bln Of Shares - Quick Facts

(RTTNews) - Western Digital Corp. (WDC) announced that the board of directors authorized an additional $2.0 billion for share repurchases by the company. As of February 2, 2015, the company had approximately $384 million remaining under prior share repurchase authorizations. The additional repurchase authorization is effective immediately.

The company also declared a cash dividend for the quarter ending Apr. 3, 2015, of $0.50 per share of common stock. The cash dividend will be paid on April 16, 2015, to the company's stockholders of record as of April 3, 2015.

Since 2012, the company has increased its quarterly dividend three times from the original $0.25 per share and repurchased approximately $2.6 billion of its shares.