Ex-Dividend Alert: LogMeIn Announced a 20% Dividend Rise; Will Trade Ex-Dividend on February 09, 2018

LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors has a free review on LogMeIn, Inc. (NASDAQ: LOGM) following the Company’s announcement that it will begin trading ex-dividend on February 09, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LOGM:

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Dividend Declared

On February 01, 2018, LogMeIn announced that its Board of Directors has declared a 20% increase in its quarterly dividend from $0.25 per share to $0.30 per share. The Company’s quarterly dividend is payable on February 28, 2018, to shareholders of record as of February 12, 2018.

Bill Wagner, President and Chief Executive Officer of the Company, stated:

“We believe returning capital to shareholders is an important component of LogMeIn’s unique SaaS profile. Based on our growth and expanded free cash flows, our Board has voted to increase our quarterly dividend by 20%.”

LogMeIn’s indicated dividend represents a yield of 1.00% compared to the average dividend yield of 1.26% for the Technology sector.

Dividend Insight

LogMeIn has a dividend payout ratio of 36.6%, which denotes that the Company spends approximately $0.37 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, LogMeIn is forecasted to report earnings of $4.90 for the next year, which is more than four times higher than the Company’s annualized dividend of $1.20 per share.

LogMeIn closed Q3 2017 ended on September 30, 2017, with cash, cash equivalents, and short-term investments of $276.0 million. The Company’s reported cash flow from operations was $90.5 million, or 32.8% of non-GAAP revenue, and adjusted cash flow from operations was $102.5 million, or 37.1% of non-GAAP revenue. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Upcoming Earnings Announcement

On January 22, 2018, LogMeIn, announced that it will report its fourth quarter and fiscal year 2017 financial results for the period ended December 31, 2017, following the close of market on February 15, 2018. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company’s results.

About LogMeIn, Inc.

LogMeIn simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in communication & conferencing, identity & access, and customer engagement & support solutions, LogMeIn has millions of customers spanning virtually in every country across the globe. LogMeIn is headquartered in Boston with additional locations in North America, Europe, Asia, and Australia.

Stock Performance Snapshot

February 07, 2018 – At Wednesday’s closing bell, LogMeIn’s stock rose 1.07%, ending the trading session at $122.90.

Volume traded for the day: 552.61 thousand shares, which was above the 3-month average volume of 497.19 thousand shares.

Stock performance in the last month – up 1.36%; previous six-month period – up 4.91%; past twelve-month period – up 21.56%; and year-to-date – up 7.34%

After yesterday’s close, LogMeIn’s market cap was at $6.57 billion.

Price to Earnings (P/E) ratio was at 1170.48.

The stock has a dividend yield of 0.81%.

The stock is part of the Technology sector, categorized under the Application Software industry.

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