Logitech May Increase Dividends

Logitech May Increase Dividends

Wed, May 15th 2024

Logitech’s Board proposes a 10-centime dividend rise for 2023/24, signifying strong shareholder commitment.

KEYSTONE/Christian Beutler

Logitech has announced plans to increase its dividend by approximately 10 centimes to CHF 1.16 per share for the financial year 2023/24, which concluded in March. This decision, pending approval at the Annual General Meeting on September 4 in Lausanne, underlines Logitech’s continued commitment to shareholder returns.

The Switzerland-based American company, known for its computer peripherals like keyboards, mice, and webcams, has demonstrated financial resilience with a reported turnover of $4.3 billion and a net profit of $612 million for the last fiscal year. These results mark a return to growth, particularly noted in the January to March quarter with a 5% increase in turnover following previous declines.

Looking ahead to the financial year 2024/25, Logitech forecasts its turnover to remain steady, ranging between $4.3 and $4.4 billion, signaling sustained business momentum.


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