Seagate Technology increased its quarterly dividend by 2.7% to $0.76 per share, yet the dividend yield fell to about 0.5% due to a significant rise in its stock price, which surged over 170% in the past year. This price jump reflects strong margin growth driven by its innovative Mozaic HAMR-based drives, with gross margins hitting a record 57.8% and revenue up 61% year-over-year. Management plans to focus on share buybacks as the primary way to return value to shareholders, with $4.4 billion remaining in repurchase authorization and aims to be net cash positive by year-end. Investors should watch upcoming earnings for signs of sustained margin expansion or risks from cyclical storage demand and cost pressures.
Seagate Technology shares trade at USD 686.13 on Pluang as of Oct 29, 2026 01:31 WIB, showing a 2.74% gain in one day. The dividend yield on Pluang is 0.44%, slightly below the article's 0.5%. Despite strong recent gains, the stock is well below its 52-week high of USD 1.09K, with investors selling 65% of orders on the platform.
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