December 14, 2012
Seagate Technology (NASDAQ: STX ) , a hard disk drive maker, recently reinstated its dividend after canceling it during the financial crisis a few years ago. This year, that dividend has climbed from $0.25 per share per quarter to $0.38 (with the final one being given early to dodge tax increases from the fiscal cliff), but even that is still only 20% of the company's profits. In this video, Motley Fool tech analyst Eric Bleeker discusses why he believes that dividend is still headed further up.
While Seagate Technology pays a significant and growing dividend, a global slowdown in demand for digital memory storage has begun to put pressure on margins. Is Seagate worthy of your investment dollars? The Motley Fool answers this question and more in the most in-depth Seagate research available for smart investors like you. Thousands have already claimed their own premium ticker coverage, and you can gain instant access to your own by clicking here now.