Western Digital Just Increased Its Dividend by 20% but It’s Still Not a Yield Play

Imagine a company that owned stakes in another company whose shares have increased by more than 3,500% in the past year. Now, come back to reality and realize that they have divested their entire stake in that company, and as a token gesture, are increasing their dividend by 20%. It reeks of a rotten deal, right?

Well, what if their own company's shares are up 882.4% in the same period and they also have a vital role to play in the very-hot memory space in the AI buildout? Things look a bit rosier, don't they?