Logitech International S.A. (NASDAQ:LOGI) Announces Annual Dividend of $1.37

Logitech International S.A. (NASDAQ:LOGI) declared an annual dividend on Wednesday, September 4th, Wall Street Journal reports. Investors of record on Tuesday, September 24th will be paid a dividend of 1.3687 per share by the technology company on Wednesday, September 25th. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19.

Logitech International has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Logitech International has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Logitech International to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 32.4%.

Logitech International Stock Down 0.2 %

Shares of Logitech International stock opened at $86.80 on Friday. The firm’s 50-day moving average price is $88.35 and its two-hundred day moving average price is $89.90. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.45 and a beta of 0.79. Logitech International has a 12-month low of $65.31 and a 12-month high of $102.59.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, sell-side analysts expect that Logitech International will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on LOGI shares. Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Tuesday, July 16th. Barclays boosted their target price on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Loop Capital increased their target price on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Logitech International currently has a consensus rating of “Hold” and an average price target of $93.14.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.