Logitech International S.A. (LOGI) to Distribute Annual Dividend of CHF 1.36 on September 23rd

Logitech International S.A. (NASDAQ:LOGI) declared an annual dividend on Thursday, June 18th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 1.36 per share by the technology company on Wednesday, September 23rd. This represents a dividend yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Logitech International has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Logitech International to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 9.6%.

Logitech International Price Performance

Shares of Logitech International stock opened at $107.64 on Friday. The business has a 50 day moving average of $105.72 and a 200 day moving average of $99.94. Logitech International has a 52 week low of $83.32 and a 52 week high of $129.66. The company has a market cap of $15.78 billion, a PE ratio of 22.43, a P/E/G ratio of 2.74 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Logitech International will post 5.16 earnings per share for the current year.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.