Logitech Announces Proposed Fiscal Year 2023 Dividend
May 15 2023 - 04:05PM
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 2023 cash dividend, which, if approved
by shareholders, would be an increase of approximately CHF 0.10 to
CHF 1.06 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 upcoming 2023 Annual General Meeting.
About Logitech
Logitech helps all people pursue their passions and is committed
to doing so in a way that is good for people and the planet. We
design hardware and software solutions that help businesses thrive
and bring people together when working, creating, gaming and
streaming. 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 U.S. federal securities laws, including, without
limitation, statements regarding: our proposed dividend for fiscal
year 2023, which is subject to shareholder approval at our 2023
annual general meeting, and our commitment to return cash to
shareholders. The forward-looking statements in this press release
are subject to 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: macroeconomic and geopolitical conditions and other
factors and their impact, for example changes in inflation levels
and monetary policies, and the COVID-19 pandemic; our expectations
regarding our expense reduction efforts, including the timing
thereof; changes in secular trends that impact our business; 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; if we do not
efficiently manage our spending; our expectations regarding our
restructuring efforts, including the timing thereof; 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; if we do
not successfully execute on strategic acquisitions and investments;
risks associated with acquisitions; and the effect of changes to
our effective income tax rates. 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 Securities and
Exchange Commission (“SEC”), including our Annual Report on Form
10-K for the fiscal year ended March 31, 2022, our Quarterly Report
on Form 10-Q for the quarter ended December 31, 2022, 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.
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)
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version on businesswire.com: https://www.businesswire.com/news/home/20230515005811/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)
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