Logitech(US:LOGI) The Motley Foolยท2024-09-04 22:27Core Viewpoint - Logitech International's recent annual general meeting (AGM) revealed investor disappointment regarding the company's dividend payout, leading to a decline in stock value despite the approval of all proposed measures [1][2]. Dividend Declaration - Logitech proposed an annual dividend of 1.16 Swiss francs ($1.19) per share, which was approved by shareholders [2]. - The new dividend represents a slight increase of 0.10 francs ($0.12) compared to the previous payout, but in U.S. dollar terms, it remains effectively unchanged due to the Swiss franc's appreciation against the dollar [3]. Shareholder Sentiment - The stock experienced a 2.7% decline on the day of the AGM, which was more significant than the S&P 500 index's decrease of 0.2%, indicating negative sentiment among investors [1]. Future Plans - Logitech expressed intentions to continue paying dividends and repurchasing shares to support stock value, although no specific details were provided regarding these activities [4]. Dividend Payment Timeline - The company anticipates the record and payment dates for the new dividend to be September 24 and September 25, respectively, with an expected yield of just under 1.4% based on the most recent closing share price [5].