Seagate Technology (STX +0.00%), 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.
Will Seagate's 5% Yield Keep Rising in 2013?
By Eric Bleeker – Dec 14, 2012 at 6:15PM
NASDAQ: STX
Seagate Technology Plc
Seagate's dividend is new, and the trend is upward. Will we see more?
About the Author
Eric Bleeker, CFA joined The Motley Fool at the height of the financial crisis in 2008. For the next four years he led the Fool's Tech & Telecom sector, both writing articles and providing feedback and ideas to writers. Today, Eric is the General Manager of Fool.com, but still enjoys writing a tech article or two from time to time. Follow @bleekertech