Logitech to Initiate Dividend

Tech specialist will seek shareholder approval for annual payout at annual meeting in September

By Rich Duprey – May 23, 2013 at 5:35PM EST

Technology specialist Logitech (LOGI +1.11%) announced yesterday that the board of directors had decided to initiate the payment of a recurring regular dividend issued on an annual basis. The matter would need to be first approved by the company's shareholders at its annual meeting in September. The first payout was set at CHF 0.21 per share, or about $0.22 per share at current exchange rates.

Logitech issued a special dividend of $0.847639 per share in September 2012.

The new, regular dividend payment would yield 3.3% based on the closing price of Logitech's stock on May 22.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Logitech to Initiate Dividend

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