Seagate Know-how Holdings (STX) Declares $0.70 Dividend - thqaftqlm

Seagate Know-how Holdings (STX) Declares $0.70 Dividend

Seagate Know-how Holdings stated on April 20, 2023 that its board of administrators declared a daily quarterly dividend of $0.70 per share ($2.80 annualized). Beforehand, the corporate paid $0.70 per share.

Shares should be bought earlier than the ex-div date of June 20, 2023 to qualify for the dividend. Shareholders of file as of June 21, 2023 will obtain the cost on July 5, 2023.

On the present share worth of $57.08 / share, the inventory’s dividend yield is 4.91%. Trying again 5 years and taking a pattern each week, the typical dividend yield has been 4.45%, the bottom has been 2.45%, and the very best has been 6.97%. The usual deviation of yields is 1.05 (n=236).

The present dividend yield is 0.43 normal deviations above the historic common.

Moreover, the corporate’s dividend payout ratio is -3.59. The payout ratio tells us how a lot of an organization’s revenue is paid out in dividends. A payout ratio of 1 (1.0) means 100% of the corporate’s revenue is paid in a dividend. A payout ratio higher than one means the corporate is dipping into financial savings with the intention to preserve its dividend – not a wholesome scenario. Corporations with few development prospects are anticipated to pay out most of their revenue in dividends, which usually means a payout ratio between 0.5 and 1.0. Corporations with good development prospects are anticipated to retain some earnings with the intention to spend money on these development prospects, which interprets to a payout ratio of zero to 0.5.

The corporate’s 3-12 months dividend development fee is 0.08%, demonstrating that it has elevated its dividend over time.

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What’s the Fund Sentiment?

There are 1250 funds or establishments reporting positions in Seagate Know-how Holdings. This is a rise of 11 proprietor(s) or 0.89% within the final quarter. Common portfolio weight of all funds devoted to STX is 0.20%, a rise of 15.63%. Whole shares owned by establishments elevated within the final three months by 3.29% to 202,426K shares. The put/name ratio of STX is 1.11, indicating a bearish outlook.

Analyst Worth Forecast Suggests 20.32% Upside

As of April 6, 2023, the typical one-year worth goal for Seagate Know-how Holdings is $68.68. The forecasts vary from a low of $35.35 to a excessive of $86.10. The common worth goal represents a rise of 20.32% from its newest reported closing worth of $57.08.

See our leaderboard of firms with the most important worth goal upside.

The projected annual income for Seagate Know-how Holdings is $7,975MM, a lower of 5.17%. The projected annual non-GAAP EPS is $1.88.

What are Different Shareholders Doing?

STX / Seagate Technology Holdings Plc Shares Held by Institutions

BLACKROCK GLOBAL ALLOCATION FUND, INC. – BLACKROCK GLOBAL ALLOCATION FUND, INC. Investor A holds 29K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 50K shares, representing a lower of 68.06%. The agency decreased its portfolio allocation in STX by 20.99% during the last quarter.

VALQ – American Century STOXX U.S. High quality Worth ETF holds 23K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 32K shares, representing a lower of 38.20%. The agency decreased its portfolio allocation in STX by 48.14% during the last quarter.

Allstate holds 9K shares representing 0.00% possession of the corporate. In it is prior submitting, the agency reported proudly owning 0K shares, representing a rise of 100.00%.

FZILX – Constancy ZERO Worldwide Index Fund holds 63K shares representing 0.03% possession of the corporate. In it is prior submitting, the agency reported proudly owning 62K shares, representing a rise of 0.95%. The agency elevated its portfolio allocation in STX by 26.66% during the last quarter.

Comerica Financial institution holds 26K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 39K shares, representing a lower of 49.50%. The agency decreased its portfolio allocation in STX by 99.94% during the last quarter.

Seagate Know-how Holdings Background Info
(This description is offered by the corporate.)

Seagate Know-how crafts the datasphere, serving to to maximise humanity’s potential by innovating world-class, precision-engineered information storage and administration options with a concentrate on sustainable partnerships.

This story initially appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.

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