Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information for Common Stock
Our common stock is listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “WDC”. The approximate number of holders of record of our common stock as of August 7, 2024 was 802.
Dividends
In April 2020, we suspended our quarterly cash dividend. For more information about our dividends, see Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations – Short- and Long-term Liquidity.
Stock Performance Graph
The following graph compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the Dow Jones U.S. Technology Hardware & Equipment Index for the five years ended June 28, 2024. The graph assumes that $100 was invested in our common stock at the close of market on June 28, 2019 and that all dividends were reinvested. Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
TOTAL RETURN TO STOCKHOLDERS
(Assumes $100 investment at market close on June 28, 2019)
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Total Return Analysis
June 28,
2019 July 3,
2020 July 2,
2021 July 1,
2022 June 30,
2023 June 28,
2024
Western Digital Corporation $ 100.00 $ 89.25 $ 147.66 $ 91.31 $ 79.77 $ 159.35
S&P 500 Index $ 100.00 $ 107.51 $ 151.36 $ 135.29 $ 161.80 $ 201.53
Dow Jones U.S. Technology Hardware & Equipment Index $ 100.00 $ 145.46 $ 224.80 $ 200.70 $ 300.76 $ 457.57
The stock performance graph shall not be deemed soliciting material or to be filed with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of 1934, nor shall it be incorporated by reference into any past or future filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent we specifically request that it be treated as soliciting material or specifically incorporate it by reference into a filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.