Seagate Technology Holdings PLC (NASDAQ:STX) Increases Dividend to $0.76 Per Share

Seagate Technology Holdings PLC (NASDAQ:STX) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share by the data storage provider on Thursday, January 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a 2.7% increase from Seagate Technology’s previous quarterly dividend of $0.74.

Seagate Technology has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Seagate Technology to earn $57.90 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 Stock Performance

Seagate Technology stock opened at $667.85 on Wednesday. The business has a 50 day simple moving average of $809.95 and a 200-day simple moving average of $682.75. Seagate Technology has a 12 month low of $217.67 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.45 by $0.23. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The firm’s revenue for the quarter was up 61.0% compared to the same quarter last year. As a group, research analysts anticipate that Seagate Technology will post 35.79 EPS for the current fiscal year.

Seagate Technology News Roundup

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate reported adjusted earnings of $7.68 per share and revenue of $4.23 billion, exceeding analyst estimates of $7.45 and $4.15 billion, respectively. Revenue increased 61% year over year, while data-center revenue rose 63%, reflecting strong demand tied to artificial-intelligence infrastructure. Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Management forecast approximately $4.8 billion of December-quarter revenue and $9.20 in non-GAAP EPS, reportedly above Wall Street expectations. Seagate also cited record free cash flow and customer commitments extending through 2030, supporting the longer-term AI and cloud-storage growth case. Seagate Says It Can’t Make Hard Drives Fast Enough for AI
• Positive Sentiment: The company raised its quarterly dividend 2.7% to $0.76 per share. Wedbush reaffirmed an “outperform” rating with a $1,000 price target, while Morgan Stanley maintained an “overweight” rating and set a $1,148 target. Analysts revise forecasts on Seagate after Q1 results
• Neutral Sentiment: Seagate’s HAMR and SMR storage technologies achieved expanded interoperability with Broadcom systems and validation at Microsoft Azure, potentially improving adoption among hyperscale customers, although the financial impact will take time to develop. Seagate’s HAMR and SMR breakthrough
• Negative Sentiment: Investors focused on slowing shipment growth, potentially moderating margins, and whether AI-related demand can justify Seagate’s elevated valuation. The earnings beat may have been insufficient against already-high expectations, prompting profit-taking after the release. Why is Seagate stock falling despite an earnings beat?
• Negative Sentiment: Susquehanna lowered its price target from $925 to $765 and changed its rating to “neutral,” adding to concerns that much of Seagate’s expected growth may already be reflected in the stock price. Susquehanna Seagate recommendations

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.