Logitech International S.A. (NASDAQ:LOGI – Get Free Report) declared an annual dividend on Wednesday, September 4th, Wall Street Journal reports. Stockholders of record on Tuesday, September 24th will be given a dividend of 1.3687 per share by the technology company on Wednesday, September 25th. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19.
Logitech International has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Logitech International has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Logitech International to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 32.4%.
Logitech International Stock Performance
Shares of NASDAQ:LOGI opened at $86.80 on Monday. The business has a 50-day simple moving average of $88.35 and a two-hundred day simple moving average of $89.91. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. Logitech International has a fifty-two week low of $65.31 and a fifty-two week high of $102.59.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LOGI. Barclays boosted their price target on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th. Finally, StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.14.
View Our Latest Stock Report on Logitech International
About Logitech International
Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.
Further Reading
- Five stocks we like better than Logitech International
- Insider Trades May Not Tell You What You Think
- See Why Oracle’s Cloud Infrastructure Growth Demands Attention
- Insider Trading – What You Need to Know
- Darden Restaurants Is on the Verge of a Significant Breakout
- Stock Splits, Do They Really Impact Investors?
- Onsemi Could Be Set Up For a Solid Rebound: Here’s Why
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.