Seagate's (STX) Dividend Hike Called 'Aggressive' at Susquehanna
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Seagate Technology Raises Targeted Annual Dividend 17% to $2.52
October 21, 2015 4:06 PM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) today announced that its Board of Directors has approved a 17 percent increase in the companys targeted regular cash dividend. The targeted annual dividend will increase from $2.16 to $2.52 per share and will continue to be paid quarterly. The first payment at the new quarterly rate of $0.63 per share is scheduled to be paid on November 20, 2015 to shareholders of record as of the close of business on November 6, 2015. The declaration and payment of any future quarterly dividends will continue to be at the discretion of... More
Seagate Appoints David H. Morton Jr. Executive Vice President and Chief Financial Officer
October 21, 2015 4:05 PM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology (NASDAQ: STX), a world leader in storage solutions, today announced that David H. Morton, Jr., a long-time Seagate finance executive, has been promoted to executive vice president and chief financial officer. Patrick OMalley, Seagates current chief financial officer, will remain with the company as executive vice president with responsibility for a broad range of strategic and operational issues. Both appointments are effective immediately and report to Seagates chairman and chief executive officer, Steve Luczo.
Dave has been a meaningful contributor at Seagate for... More
