Logitech (LOGI +4.6%) spiked in the final 20 minutes of trading after announcing it will ask...

|About: Logitech International S.A. (LOGI)|By:, SA News Editor

Logitech (LOGI +4.6%) spiked in the final 20 minutes of trading after announcing it will ask shareholders to approve a one-time dividend with payout of up to CHF125.6M ($128.6M) at the company's Sep. 5 annual meeting. A payout at that level would result in a dividend of roughly $0.78/share, or 7.4% of Logtiech's current share price. (PR)