Logitech International Announces $1 Billion Share Buyback Program

Logitech International's board of directors has approved a new three-year share buyback program of up to $1 billion


Logitech International, a global provider of computer peripherals and accessories, has recently made an exciting announcement regarding its financial plans. The company's board of directors has approved a new three-year share buyback program, allowing Logitech to repurchase its own shares using up to $1 billion. This strategic move showcases Logitech's commitment to enhancing shareholder value and returning cash to its investors.

Logitech's 2023 Share Buyback Program

Logitech's new share buyback program for 2023 is scheduled to commence in July 2023, pending approval from the Swiss Takeover Board. The initiation of this program will occur after the expiration of the Company's previous 2020 share buyback program. Investors and interested parties can find comprehensive information on Logitech's share repurchase history on the official company website at http://ir.logitech.com.

Fiscal Year 2023 Cash Dividend Proposal

In addition to the share buyback program, Logitech's board of directors has also approved a proposal for a cash dividend for Fiscal Year 2023. Pending shareholder approval at the upcoming 2023 Annual General Meeting, this proposed dividend would represent an increase of approximately CHF 0.10 to CHF 1.06 per share. By combining the new share buyback program with the increased dividend, Logitech demonstrates its unwavering commitment to consistently delivering value and returns to its esteemed shareholders.

Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.

Free Trial: Signup for 1 Free Alert Per Week

Add your email to get alerts & the report.

Get 1 free alert per week via email

Upgrade if you want more or platform access

We'll also send you a free report

or Click Here to get full access now

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.