Logitech Proposes FY 2014 Dividend Increase of 25%
Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that its Board of Directors has approved an annual dividend for FY 2014 of CHF 0.26 per share, an increase of 25 percent over the prior year, following a year of strong cash flow from operations. The annual dividend is subject to shareholder approval and is expected to be confirmed at Logitech’s upcoming Annual General Meeting (AGM), which is scheduled for Dec. 18, 2014 in Lausanne, Switzerland.
The ex-dividend date is expected to be Dec. 24, 2014. If approved by shareholders at the Company’s AGM, the approximate payment date for the dividend is expected to be Dec. 30, 2014. Informational materials about the AGM will be mailed to Logitech registered shareholders during the week of Nov. 24, 2014.
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws, including, without limitation: payment of a recurring annual dividend; the amount and timing of the payment and ex-dividend dates for the dividend for fiscal year 2014; the timing of the Company’s 2014 Annual General Meeting; and the timing of mailing materials for the Annual General Meeting. These statements are subject to risks and uncertainties that may cause actual results and events to differ materially, including without limitation: the timing and final resolution of the issue regarding the independence of the Company’s current auditors, any delay it may cause in the filing and publication of the Annual Report with the SIX Swiss Exchange and the Company’s final proxy statement with the Securities and Exchange Commission, and the effect on the timing of the 2014 Annual General Meeting and the dividend of a delay in filing or mailing the Annual Report or final proxy statement. In addition, please refer to the risk factors contained in Logitech’s periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2014, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this press release
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
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