Logitech to Initiate Dividend

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Technology specialist Logitech  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.

The article Logitech to Initiate Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Logitech International SA (USA). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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