SanDisk Board Approve 33% Hike In Quarterly Dividend

(RTTNews) - SanDisk Corp. (SNDK) said Wednesday that the Board of Directors has approved a 33% increase in the company's quarterly dividend payment to $0.30 per share.

The planned increase will go into effect for dividends declared beginning in the third fiscal quarter of 2014, one year after the dividend program was initiated.

"This dividend increase underscores the confidence we have in SanDisk's business and reflects our commitment to sharing our success with our stockholders," said Judy Bruner, executive vice president, administration and chief financial officer.