Western Digital Corporation
WDCTechnology · Computer Hardware · Stock · quarterly payer
Forward Yield
0.16%
Annual Dividend
$0.60
Payout Ratio
2%
5-Yr Growth
-22.1%
Ex-Date
Sep 8, 2026
Frequency
Quarterly
Key facts about WDC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 22, 2026, Western Digital Corporation (WDC) has a forward dividend yield of 0.16%, based on an annual dividend of $0.60 per share and a share price of $378.51.
- As of Oct 22, 2026, WDC's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
- WDC last cut its regular dividend in 2025.
- WDC's most recent ex-dividend date was Sep 8, 2026, for a dividend of $0.15 per share.
- As of Oct 22, 2026, WDC pays out 2% of its trailing 12-month earnings as dividends (its payout ratio).
- WDC's dividend has shrunk at an average rate of 22.1% a year over the past five years.
- As of Oct 22, 2026, WDC's 0.16% yield is 56% below its five-year average yield of 0.37%.
- As of Oct 22, 2026, SmarterDividends' blended fair-value estimate for WDC is $703.29 per share, 86% above the $378.51 share price, so WDC screens as undervalued.
- Western Digital Corporation (WDC) pays its dividend quarterly, 4 times a year.
- Western Digital Corporation (WDC) has raised its regular dividend 5 times and cut it 0 times across the 37 payments on record since 2012. Its most recent change was a 20.0% increase to $0.150 per share, going ex-dividend on Jun 5, 2026.
Cite this page
SmarterDividends, "WDC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 22, 2026, https://smarterdividends.com/stocks/WDC
Summary
As of Oct 22, 2026, Western Digital Corporation (WDC) yields 0.16% ($0.60 a year per share) and has a dividend safety grade of C (60/100).
Is WDC a good dividend stock?
Yes, with caveatsWestern Digital Corporation (WDC) pays a quarterly dividend yielding 0.16% ($0.60/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (2%)
- 659% total price return over 5 years
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 0.16%
- Payout Ratio
- 2%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- -22.1%
- Ex-Dividend Date
- Sep 8, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 2.17
- Market Cap
- $141.7B
- P/E Ratio
- 14.1
- 5-Yr Total Return
- 659%
- 52-Week Range
- $117.23 – $799.87
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
WDC dividend raises and cuts
Western Digital Corporation (WDC) has raised its regular dividend 5 times and cut it 0 times across the 37 payments on record since 2012. Its most recent change was a 20.0% increase to $0.150 per share, going ex-dividend on Jun 5, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 5, 2026 | Raise | $0.125 → $0.150 | +20.0% |
| Dec 4, 2025 | Raise | $0.100 → $0.125 | +25.0% |
| Mar 31, 2015 | Raise | $0.302 → $0.378 | +25.0% |
| Jun 25, 2014 | Raise | $0.227 → $0.302 | +33.3% |
| Dec 24, 2013 | Raise | $0.189 → $0.227 | +20.0% |
Frequently Asked Questions
Is WDC a good dividend stock?
Yes, with caveats. Western Digital Corporation (WDC) pays a quarterly dividend yielding 0.16% ($0.60/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is WDC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WDC's fair value is about $703.29 versus a $378.51 share price — so it looks undervalued (+86% vs. fair value).
Is WDC's dividend safe?
WDC has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is WDC's fair value?
Our blended fair-value estimate for WDC is about $703.29 per share, roughly 86% above the current $378.51 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WDC a buy, hold, or sell?
We don't issue formal ratings, but on the data WDC screens as "yes, with caveats" and undervalued. Western Digital Corporation (WDC) pays a quarterly dividend yielding 0.16% ($0.60/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will WDC cut its dividend?
WDC earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WDC pay a dividend?
Yes. Western Digital Corporation pays a quarterly dividend of about $0.60 per share annually, a forward yield of roughly 0.16%.
What is WDC's dividend yield?
As of Oct 22, 2026, WDC's forward dividend yield is 0.16%, based on a $0.60 annual dividend and a $378.51 share price.
What is WDC's dividend per share?
As of Oct 22, 2026, WDC pays $0.60 per share per year, distributed on a quarterly basis.
What is WDC's dividend payout ratio?
As of Oct 22, 2026, WDC's payout ratio is 2% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has WDC grown its dividend?
WDC does not currently have a long dividend-growth streak on record.
When is the next WDC ex-dividend date?
As of Oct 22, 2026, WDC's next ex-dividend date hasn't been announced. The most recent was Sep 8, 2026, for $0.15 per share.
WDC Price — Last 12 Months
Daily close
Price Return
1 Year
+103%
3 Years
+809%
5 Years
+659%
52-Week Range
$117.23 – $799.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WDC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Western Digital Corporation is $703.29 per share, versus a market price of $378.51. That implies 86% of upside — a margin of safety of about 46%.
Fair Value
$703.29
Current Price
$378.51
Upside
+86%
Margin of Safety
46%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 38.7% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $26.92 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WDC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WDC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 8, 2026 | Sep 17, 2026 | $0.1500 | regular |
| Jun 5, 2026 | Jun 17, 2026 | $0.1500 | regular |
| Mar 5, 2026 | Mar 18, 2026 | $0.1250 | regular |
| Dec 4, 2025 | Dec 18, 2025 | $0.1250 | regular |
| Sep 4, 2025 | Sep 18, 2025 | $0.1000 | regular |
| Jun 4, 2025 | Jun 18, 2025 | $0.1000 | regular |
| Apr 2, 2020 | Apr 17, 2020 | $0.3779 | regular |
| Jan 2, 2020 | Jan 21, 2020 | $0.3779 | regular |
| Oct 3, 2019 | Oct 22, 2019 | $0.3779 | regular |
| Jun 27, 2019 | Jul 15, 2019 | $0.3779 | regular |
| Mar 28, 2019 | Apr 15, 2019 | $0.3779 | regular |
| Dec 27, 2018 | Jan 14, 2019 | $0.3779 | regular |
| Sep 27, 2018 | Oct 15, 2018 | $0.3779 | regular |
| Jun 28, 2018 | Jul 16, 2018 | $0.3779 | regular |
Income Calculator
At $0.60 / yr per share
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