Seagate Technology (STX) Raises Quarterly Dividend 16.7% to $0.63; 6.8% Yield

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Go back to Seagate Technology (STX) Raises Quarterly Dividend 16.7% to $0.63; 6.8% Yield

Seagate's (STX) Dividend Hike Called 'Aggressive' at Susquehanna

October 22, 2015 1:10 PM EDT

Susquehanna analyst Mehdi Hosseini sees Seagate Technology (NASDAQ: STX) dividend increase as "aggressive", even amidst operational synergies associated with MOFCOM lifting of "hold separate" restrictions announced earlier today.

"While we certainly view the yield as attractive, we believe STX's aggressive capital allocation... More