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 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.
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.
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