Seagate Technology (STX) will raise its quarterly dividend by 25.6 percent to $0.54 per share in 2014. Last year the data storage products company hiked its dividend by five cents to 43 cents per share quarterly.
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.