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Sandisk Corp Approves Initiation Of Quarterly Cash Dividend


Wednesday, 31 Jul 2013 06:04pm EDT 

Sandisk Corp announced that the Board of Directors has approved the initiation of a quarterly cash dividend of $0.225 per share of common stock, equivalent to an annual yield of approximately 1.6% based on the July 31, 2013 closing price of $55.12. On an annualized basis, this will return approximately $220 million to stockholders based on shares outstanding as of June 30, 2013. The first dividend payment will be made on August 30, 2013 to holders of record on August 12, 2013. Future dividend payments are subject to review and approval by the Board. 

Company Quote

101.12
-2.1 -2.03%
19 Sep 2014