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Western Digital (WDC) Climbs to All-Time High on Dividend Payment.

stock :: 10hrs ago :: source - insider monkey

By Angelica Ballesteros

Western Digital Corp. (NASDAQ:WDC) is one of the 10 Stocks That Made Millionaires Today.

Western Digital extended its winning streak to a third consecutive day on Tuesday, to hit a new all-time high, ahead of the payment of its next quarterly dividend.

At intra-day trading, the stock climbed to its highest price of $314.92 before trimming gains to finish the session just up by 9.64 percent at $313.81 apiece.

Photo from Western Digital website

According to Western Digital Corp. (NASDAQ:WDC), it would pay 12.5 cents worth of dividends tomorrow, March 18, covering all shareholders of record on March 5.

The dividends followed Western Digital Corp.’s (NASDAQ:WDC) earnings performance in the second quarter of fiscal year 2026, with diluted net income attributable to shareholders soaring 296 percent to $1.8 billion from $455 million in the same period a year earlier. Revenues jumped by 25 percent to $3.02 billion from $2.4 billion year-on-year.

Looking into the third quarter ending April 2026, revenues are targeted at $3.2 billion, plus or minus $100 million. Diluted net earnings per share are also expected at $2.30, plus or minus $0.15.

“Our business continues to strengthen. We expect strong revenue growth and improved profitability driven by continued data center demand and by the adoption of our high-capacity drives,” said Western Digital Corp. (NASDAQ:WDC) Chief Finance Officer Kris Sennesael.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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