Does Sandisk pay dividends? Will it split its stock?

Sandisk was spun off as a separate, independent company by Western Digital in 2025, about a decade after it was purchased. The two now operate as independent, publicly traded companies, with Sandisk focusing on manufacturing flash storage cards, while Western Digital focuses on making hard disk drives. 

Since going public in 2025, Sandisk’s stock has risen significantly, as prices for semiconductors used in making flash memory cards climbed amid strong demand in an artificial intelligence-driven market.

Here’s a look at Sandisk’s current dividend and stock split policy and future prospects.

Why doesn’t Sandisk pay dividends?

On its investor FAQ page, Sandisk states that it “does not currently pay a dividend.”

Part of the reason Sandisk hasn’t paid a dividend is that it’s relatively new as a publicly traded company. It also only recently turned a profit in its fiscal year 2026, which concluded at the end of June.

For the nine months ended April 3, 2026, Sandisk recorded $4.5 billion in net income, more than reversing the combined losses of its fiscal years 2023 to 2025. It reported an annual loss in each of those years.

Western Digital, SanDisk’s former parent company, has been paying quarterly dividends since April 2025, after pausing its dividend program from 2020 to 2024.

Related: Does Intel pay dividends? History & future prospects explained

Why hasn’t Sandisk conducted a stock split?

Part of the reason Sandisk hasn’t conducted a stock split is that it has been publicly traded for less than two years. Still, the stock price has risen nearly 42-fold since going public, and its four-digit share price puts it out of reach for many small retail investors unless they have access to fractional share trading.

Will Sandisk conduct a stock split soon?

Since Sandisk stock’s massive run-up, investors and analysts alike have speculated that the company might conduct a stock split to lower its share price, but the company has yet to announce any intentions to do so.

The Motley Fool’s Lyle Daly wrote in early July 2026 that, assuming memory demand remains heightened, “I lean yes for Sandisk conducting a stock split by the end of 2026,” explaining that a “stock split could get it into a price range that attracts more retail investors on a budget.”

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When did Sandisk go public? How has its stock performed?

SanDisk underwent its initial public offering on February 24, 2025, and its shares began trading on the Nasdaq.

Sandisk has gained nearly 42-fold since going public at $38.50 a share in February 2025. The stock closed on July 16, 2026, at $1,615, shortly after posting a record high of $2,273.73 at the end of June.

The company’s stock began to gain momentum in September 2025 amid expectations that fiscal 2026 would be a profitable year, driven by strong demand for flash memory storage cards and devices.

Related: Oracle’s dividends: History, yield & payout ratio explained

This story was originally published by TheStreet on Jul 17, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.