Seagate Expertise Holdings mentioned on April 20, 2023 that its board of administrators introduced A Common quarterly dividends $0.70 per share ($2.80 yearly). Beforehand, the corporate paid $0.70 per share.
Shares have to be bought earlier than the ex-div date of June 20, 2023 to qualify for the dividend. Shareholders of document as of June 21, 2023 will obtain fee on July 5, 2023.
On the present share worth of $57.08/share, the EPS is 4.91%. Trying again over 5 years and sampling every week, the common dividend yield was 4.45%, the bottom was 2.45%, and the very best was 6.97%. The usual deviation of the returns is 1.05 (n = 236).
The present dividend yield is 0.43 customary deviations above the historic common.
As well as, the corporate’s dividend payout ratio is -3.59. The payout ratio tells us how a lot of an organization’s earnings is paid out in dividends. A payout ratio of 1 (1.0) signifies that 100% of the corporate’s earnings is paid out within the type of dividends. A payout ratio better than one signifies that the corporate is indulging in financial savings with a purpose to keep its earnings — not a wholesome scenario. Firms with little progress potential are anticipated to pay out most of their earnings within the type of dividends, which usually means a payout ratio between 0.5 and 1.0. Firms with good progress prospects are anticipated to retain some earnings with a purpose to put money into these progress prospects, which interprets to a payout price of zero to 0.5.
The corporate’s 3-year earnings progress price is 0.08%, which signifies that it has elevated its earnings over time.
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What’s fund sentiment?
there 1250 funds or basis studies positions At Seagate Expertise Holdings. That is a rise of 11 proprietor(s), or 0.89%, final quarter. The typical weight of the pockets From all of the packing containers Allotted to STX is 0.20%, up 15.63%. The entire shares owned by establishments prior to now three months elevated by 3.29% to 202,426 thousand shares. 
the Place/Ratio name of STX is 1.11, which signifies a bearish outlook.
Analyst worth predictions are for an increase of 20.32%
As of April 6, 2023, one yr common worth goal For Seagate Expertise Holdings, it is $68.68. Forecasts vary from $35.35 to $86.10. The typical worth goal represents a rise of 20.32% from the final reported closing worth of $57.08.
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Seagate Expertise Holdings’ projected annual income is $7,975 million, a lower of 5.17%. Non-GAAP projected annual EPS $1.88.
What do different shareholders do?
BlackRock International Allocation Fund – BlackRock International Allocation Fund, Investor A She owns 29,000 shares representing 0.01% of the corporate’s possession. Within the advance submitting, the corporate reported holding 50,000 shares, represented by drop from 68.06%. an organization dropped Its portfolio allocation in STX elevated by 20.99% over the latest quarter.
VALQ – American Century Company STOXX values American high quality She owns 23,000 shares representing 0.01% of the corporate’s possession. Within the advance submitting, the corporate reported holding 32,000 shares, representing drop from 38.20%. an organization dropped Its portfolio allocation in STX elevated by 48.14% over the past quarter.
allstate She owns 9 thousand shares representing 0.00% possession of the corporate. Within the prior submitting, the corporate reported holding 0K shares, represented extra 100.00%.
FZILX – Constancy ZERO Worldwide Index Fund She owns 63,000 shares, representing 0.03% of the corporate’s possession. Within the advance submitting, the corporate reported proudly owning 62,000 shares, representing extra from 0.95%. an organization extra Its portfolio allocation in STX elevated by 26.66% over the past quarter.
Comerica Financial institution She owns 26,000 shares representing 0.01% of the corporate’s possession. In its prior submitting, the corporate reported holding 39,000 shares drop from 49.50%. an organization dropped Its portfolio allocation in STX elevated by 99.94% over the latest quarter.
Background info from Seagate Expertise Holdings
(This description is supplied by the corporate.)
Seagate Expertise pioneers information, serving to to maximise humanity’s potential by innovating precision-engineered, world-class information storage and administration options with a give attention to sustainable partnerships.
This story initially appeared Ventel.
The views and opinions expressed herein are these of the writer and don’t essentially mirror the views and opinions of Nasdaq, Inc.