Seagate Technology (STX) will raise its quarterly dividend by 13.2 percent to $0.43 per share in 2013. This follows a total dividend increase of 111.1 percent last year, when STX hiked its dividend three times.
Seagate Technology is a provider of data storage technology and solutions. The company's principal products are hard disk drives, hard drives or HDDs. In addition to HDDs, Seagate produces a broad range of data storage products including solid state drives (“SSDs”), solid state hybrid drives (“SSHDs”) and storage subsystems. Seagate went public on December 11, 2002 and has paid a dividend every year since 2003.