Logitech Announces Proposed Fiscal Year 2022 Dividend
May 16 2022 - 06:01PM
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 2022 cash dividend, which, if approved by shareholders,
would be a 10 percent annual increase per share versus last year’s
dividend, or approximately CHF 0.96 per share. This proposal will
be voted on by Logitech’s shareholders at the Company’s Annual
General Meeting in September 2022.
Logitech returned more than $0.5 billion to shareholders in FY
2022 through dividends and share repurchases. That record amount
and the increased FY 2022 cash dividend proposal demonstrate the
Company’s continued commitment to consistently return cash to
shareholders.
About Logitech
Logitech helps all people pursue their passions by designing
experiences so everyone can create, achieve, and enjoy more.
Logitech designs and creates products that bring people together
through computing, gaming, video, streaming and creating, and
music. Brands of Logitech include Logitech, Logitech G, ASTRO
Gaming, Streamlabs, Blue Microphones and Ultimate Ears. Founded in
1981, and headquartered in Lausanne, Switzerland, Logitech
International is a Swiss public company listed on the SIX Swiss
Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find
Logitech at www.logitech.com, the company blog or @Logitech.
This press release contains forward-looking statements within
the meaning of the U.S. federal securities laws, including, without
limitation, statements regarding: our proposed dividend for fiscal
year 2022, which is subject to shareholder approval at our 2022
annual general meeting. The forward-looking statements in this
press release involve risks and uncertainties that could cause
Logitech’s actual results and events to differ materially from
those anticipated in these forward-looking statements, including,
without limitation: if our product offerings, marketing activities
and investment prioritization decisions do not result in the sales,
profitability or profitability growth we expect, or when we expect
it; if we fail to innovate and develop new products in a timely and
cost-effective manner for our new and existing product categories;
if we do not successfully execute on our growth opportunities or
our growth opportunities are more limited than we expect; the
effect of demand variability, supply shortages and other supply
chain challenges; the effect of pricing, product, marketing and
other initiatives by our competitors, and our reaction to them, on
our sales, gross margins and profitability; if we are not able to
maintain and enhance our brands; if our products and marketing
strategies fail to separate our products from competitors’
products; the impact of global events, such as COVID-19 pandemic
and Russia’s military operations in Ukraine, and any associated
economic downturn and political instability; changes in inflation
levels and in the Federal Reserve's monetary policy; if we do not
successfully execute on strategic acquisitions and investments; if
we do not efficiently manage our spending; if there is a
deterioration of business and economic conditions in one or more of
our sales regions or product categories, or significant
fluctuations in exchange rates; changes in trade regulations,
policies and agreements and the imposition of tariffs that affect
our products or operations and our ability to mitigate; risks
associated with acquisitions; and risks associated with the payment
of dividends and the increase our dividend payments. A detailed
discussion of these and other risks and uncertainties that could
cause actual results and events to differ materially from such
forward-looking statements is included in Logitech’s periodic
filings with the SEC, including our Annual Report on Form 10-K for
the fiscal year ended March 31, 2021, our Quarterly Report on Form
10-Q for the fiscal quarter ended December 31, 2021, and our
subsequent reports filed with the SEC, available at www.sec.gov,
under the caption Risk Factors and elsewhere. Logitech does not
undertake any obligation to update any forward-looking statements
to reflect new information or events or circumstances occurring
after the date of this press release.
Note that unless noted otherwise, comparisons are year over
year.
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/20220516006055/en/
Editorial Contacts: Nate Melihercik, Head of Global
Investor Relations - lir@logitech.com Nicole Kenyon, Head of Global
Corporate & Employee Communications - USA +1 (510) 988-8553 Ben
Starkie, Corporate Communications - Europe +41 (0) 79-292-3499
Logitech (NASDAQ:LOGI)
Historical Stock Chart
From Jun 2022 to Jul 2022
Logitech (NASDAQ:LOGI)
Historical Stock Chart
From Jul 2021 to Jul 2022