Logitech International S.A. (NASDAQ:LOGI – Get Free Report) announced an annual dividend on Thursday, June 18th. Investors of record on Tuesday, September 22nd will be paid a dividend of 1.36 per share by the technology company on Wednesday, September 23rd. This represents a yield of 126.0%. The ex-dividend date of this dividend is Tuesday, September 22nd.
Logitech International has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Logitech International to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 9.6%.
Logitech International Price Performance
Shares of LOGI stock opened at $107.64 on Friday. The stock’s 50-day moving average is $105.46 and its 200 day moving average is $99.88. Logitech International has a 1-year low of $83.32 and a 1-year high of $129.66. The company has a market cap of $15.78 billion, a P/E ratio of 22.43, a PEG ratio of 2.69 and a beta of 1.13.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. UBS Group downgraded shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays lifted their price target on shares of Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.67.
View Our Latest Analysis on LOGI
Logitech International Company Profile
Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.
The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.
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