Seagate Technology Holdings PLC (STX) to Distribute Quarterly Dividend of $0.74 on October 7th

Seagate Technology Holdings PLC (NASDAQ:STX) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, September 24th will be given a dividend of 0.74 per share by the data storage provider on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th.

Seagate Technology has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Seagate Technology has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seagate Technology to earn $57.82 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 5.1%.

Seagate Technology Trading Up 2.2%

Seagate Technology stock opened at $877.33 on Tuesday. Seagate Technology has a one year low of $209.00 and a one year high of $1,145.00. The company’s fifty day moving average price is $842.44 and its two-hundred day moving average price is $745.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a market capitalization of $199.50 billion, a price-to-earnings ratio of 63.21 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts forecast that Seagate Technology will post 35.7 earnings per share for the current fiscal year.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.