Seagate Technology Reports Fiscal Third Quarter 2015 Financial Results

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Seagate's (STX) Outlook Should be Viewed as Positive Given Expectations of Flat Sequential Segment Growth - Stifel (WDC)

April 17, 2015 11:31 AM EDT

Stifel affirms Seagate Technology (Nasdaq: STX) with a Hold rating following the tech giant's Q3 report and Q4 outlook issued earlier Friday.

Analyst Aaron C. Rakers noted that Seagate's Q4 outlook calling for revenue of $3.2 to $3.2 billion (versus the firm's $3.3 bilion) and gross margin of 28.5 percent should be viewed as a positive. This is... More

Seagate Technology (STX) Declares $0.54 Quarterly Dividend; 3.9% Yield

April 17, 2015 8:03 AM EDT

Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.54 per share, or $2.16 annualized.

The dividend will be payable on May 15, 2015, to stockholders of record on May 1, 2015, with an ex-dividend date of April 29, 2015.

The annual yield on the dividend is 3.9 percent.

For... More