By Katherine Hamilton
Logitech International said its board of directors approved an increase of its annual dividend.
If approved by shareholders, the dividend would rise to 1.26 Swiss francs ($1.52) a share, up from 0.10 Swiss francs, the Swiss hardware designer said Tuesday.
The new payout represents an annual yield of 1.8% based on Tuesday's closing price of 71.72 Swiss francs.
Logitech paid $797 million to shareholders in fiscal-year 2025 through its annual dividend payment and share repurchases.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 20, 2025 16:54 ET (20:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.