Seagate Announces $2.94 per Share in Dividends for Fiscal 2026
Key Facts
Seagate declared cash dividends totaling $2.94 per share during fiscal 2026, compared with $2.86 in fiscal 2025, according to the company’s annual results. This was not a shareholder vote on an annual dividend; the board declared a quarterly dividend of $0.74 per share on July 28, 2026. The dividend was payable on October 7 to shareholders of record on September 24, according to the company’s filing with the U.S. Securities and Exchange Commission. These details put the dividend announcement in its proper context as a quarterly board decision, while the annual total reflects the dividends declared during the fiscal year. The total declared per share rose from the previous fiscal year, according to the figures published in the results.
The dividend record shows the quarterly amount rising from $0.72 per share in 2025 payments to $0.74 in 2026 payments recorded through October, after reaching $0.70 in 2024 payments. This sequence provides context for the dividend declared by the board in July, without changing the fact that future dividend decisions are separate from amounts declared previously. The company said any future quarterly dividends would remain at the board’s discretion. It linked that decision to its financial position, results, available cash, cash flows and capital requirements, among other factors the board considers relevant. The fiscal-year total therefore does not represent an automatic commitment to maintain the same level of distributions in subsequent periods.
The dividend announcement coincided with Seagate reporting annual revenue of $12.2 billion in fiscal 2026, up 34% year over year. Free cash flow reached $3.1 billion, while the company returned $810 million to shareholders through dividends and share repurchases. The company said cash flow from operations totaled $3.7 billion and that it repaid $1.4 billion of debt during the fiscal year. These figures show the cash generated during the period, alongside the amounts allocated to shareholders and debt reduction. Seagate presented revenue growth and cash flow as part of its fiscal-year results, which included total dividends of $2.94 per share.
The company attributed its performance to strong demand from cloud data centers and execution discipline, according to its results statement. Chief Executive Dave Mosley said accelerating data generation driven by artificial intelligence supports long-term demand for mass-capacity storage. He added: "As AI accelerates the creation and value of data, we see sustained long-term demand for mass-capacity storage." This explanation places cloud demand and growing data volumes at the center of the company’s account of its annual performance, alongside revenue and cash-flow figures. Seagate is scheduled to report first-quarter fiscal 2027 results after the U.S. market closes on October 27, 2026, and hold an investor call the same day.