Logitech Announces Proposed Fiscal Year 2024 Dividend

Rhea-AI Summary

Logitech International has announced a proposed cash dividend for Fiscal Year 2024. The board of directors has approved an increase of approximately CHF 0.10, bringing the total dividend per share to CHF 1.16. This proposal underscores Logitech's commitment to returning cash to shareholders. Shareholders will vote on this proposal at the 2024 Annual General Meeting.

Positive

• Proposed increase of cash dividend to CHF 1.16 per share, up by CHF 0.10.
• Continued commitment to returning cash to shareholders.
• Potential increase in shareholder value pending approval at the 2024 Annual General Meeting.

Negative

• Dividend increase subject to shareholder approval, adding an element of uncertainty.

LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)-- SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that the Company’s board of directors has approved a proposal for a Fiscal Year 2024 cash dividend, which, if approved by shareholders, would be an increase of approximately CHF 0.10 to CHF 1.16 per share. This proposed, increased cash dividend demonstrates Logitech’s continued commitment to consistently return cash to shareholders.

This proposal will be voted on by Logitech’s shareholders at the Company’s 2024 Annual General Meeting.

About Logitech

Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, gaming and streaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at www.logitech.com or company blog.

Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.

(LOGIIR)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514202849/en/

Editorial Contacts:

Nate Melihercik, Head of Global Investor Relations - ir@logitech.com

Nicole Kenyon, Head of Global Corporate and Internal Communications - nkenyon@logitech.com (USA)

Ben Starkie, Corporate Communications - +41 (0) 79-292-3499, bstarkie1@logitech.com (Europe)

Source: Logitech International

FAQ

What is the proposed dividend for Logitech Fiscal Year 2024?

The proposed dividend for Logitech Fiscal Year 2024 is CHF 1.16 per share.

By how much is Logitech increasing its dividend?

Logitech is increasing its dividend by approximately CHF 0.10 per share.

When will Logitech shareholders vote on the proposed dividend?

Logitech shareholders will vote on the proposed dividend at the 2024 Annual General Meeting.

What is the current increase in percentage for Logitech's 2024 dividend?

The increase is approximately CHF 0.10, bringing the total to CHF 1.16 per share.

What stock symbol does Logitech trade under?

Logitech trades under the stock symbol LOGI on Nasdaq.