Western Digital Stock To Go Ex-dividend Tomorrow (WDC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Western Digital Corporation (Nasdaq: WDC) is tomorrow, June 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $59.36 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Western Digital has been 2.8 million shares per day over the past 30 days. Western Digital has a market cap of $14.23 billion and is part of the technology sector and computer hardware industry. Shares are up 37.8% year to date as of the close of trading on Monday.

Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. The company has a P/E ratio of 7.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Western Digital as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Western Digital Ratings Report.

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