Western Digital Corporation (NasdaqGS: WDC) is a technology stock providing personal and business storage. As illustrated in the analyze out loud video, the company has a cyclical operating history and as a result, the market has tended to value it at lower-than-average valuations.

Nevertheless, at only 4.2 times blended earnings the company is currently significantly undervalued even on historical standards. The company does offer a 3.3% current dividend yield, but there is been no growth in the dividend since 2015. Consequently, I would suggest that this is a very undervalued above-average yielding dividend stock and a very low valuation, but I would stop short of calling it a dividend growth stock.

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