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Western Digital Corporation Message Board

  • skepticpencil skepticpencil Nov 21, 2012 10:35 AM Flag

    Special dividend?

    I have owned shares of WDC for a few years, off and on, now on. I have also owned RGR for a few years, off and on, now on. RGR just announced a special dividend of $4.50 per share, which amounts to a large portion of their cash. I guess there are a few other companies that are paying out special dividends to help shareholders avoid what will almost certainly be some hike in the taxes paid on them. With the cash that WDC holds, they could easily pay out 50% of it and still be in a great cash position. This would amount to an approximate $7.00 dividend, right? They'd still have 20% of their market cap value in cash after doing so, which seems more than enough to keep with their R&D budget, and be able to finance most acquisitions. Here's to hoping. They certainly could do it quite easily.

    Sentiment: Buy

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