Western Digital Sets $2 Billion Stock Buyback

Dow Jones

2025/05/13

By Colin Kellaher

Western Digital's board has authorized the repurchase of up to $2 billion in stock.

Western Digital on Tuesday said the buyback adds to its strategy of returning capital to shareholders following its recent initiation of a quarterly dividend.

The San Jose, Calif., maker of hard drives, which had nearly 348.9 million shares outstanding as of April 25, sports a market capitalization of around $16.25 billion.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 13, 2025 09:39 ET (13:39 GMT)

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