Logitech International S.A. (NASDAQ:LOGI) Plans CHF 1.36 Annual Dividend

Logitech International S.A. (NASDAQ:LOGI) announced an annual dividend on Thursday, June 18th. Shareholders 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 yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Logitech International has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.6%

NASDAQ:LOGI opened at $107.64 on Friday. Logitech International has a twelve month low of $83.32 and a twelve month high of $129.66. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.13. The stock has a fifty day simple moving average of $105.46 and a 200-day simple moving average of $99.88.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, equities research analysts predict that Logitech International will post 5.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOGI. Quarry LP bought a new stake in shares of Logitech International in the 3rd quarter valued at about $30,000. CIBC Private Wealth Group LLC boosted its stake in shares of Logitech International by 61.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after purchasing an additional 173 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after buying an additional 165 shares during the period. Richardson Financial Services Inc. raised its stake in Logitech International by 101.5% in the fourth quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after buying an additional 334 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Logitech International by 911.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock worth $68,000 after buying an additional 611 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

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.