SanDisk to hike dividend to $0.30/share

SanDisk (SNDK +0.7%) discloses at its investor day (webcast) it plans to hike its quarterly dividend by $0.075/share to $0.30/share.

At current levels, the hike would result in a forward yield of 1.4%.

Shares have moved higher on the disclosure, and are near their 52-week high of $87.65.

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