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Logitech International S.A. (LOGI)

- NASDAQ
  • Wed, Mar. 11, 11:13 AM
    • Logitech (LOGI -2.4%) uses its 2015 analyst day to reiterate guidance for 2015 revenue of $2.11B (in-line with consensus) and op. income of $185M. The company has also guided for 2016 revenue of $2.15B (slightly below a $2.16B consensus) and op. income of $150M.
    • The PC/mobile/living room peripherals maker notes a strong dollar "will have a significant impact on our financial results moving forward," and that it's taking steps to deal with the issue, including "pricing adjustments and the further reduction of our global cost structure."
    • Logitech promises to return $500M to shareholders over the next 3 years - $250M via dividends, and $250M through an existing buyback program. The board plans to request shareholder approval for $85M worth of 2015 dividend payments at this year's annual meeting.
    • Logitech's analyst day slides
    | Wed, Mar. 11, 11:13 AM | Comment!
  • Nov. 14, 2014, 8:18 AM
    • Logitech (NASDAQ:LOGI) has proposed an FY14 (ends March '15) annual dividend of CHF0.26/share ($0.27/share), up 25% from FY13's CHF0.21/share. At current levels, the new dividend is good for a 1.9% yield.
    • If approved by shareholders at Logitech's Dec. 18 annual meeting, the dividend's payout date is expected to be Dec. 30. The ex-dividend date is expected to be Dec. 24.
    | Nov. 14, 2014, 8:18 AM | Comment!
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Company Description
Logitech International SA together with its consolidated subsidiaries develops and markets hardware and software products that enables digital navigation, music and video entertainment, gaming and social networking.
Sector: Technology
Country: Switzerland