Garmin Ltd. (GRMN) To Go Ex-Dividend on June 15th

Garmin Ltd. (NYSE:GRMN) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, June 15th will be paid a dividend of 1.05 per share by the scientific and technical instruments company on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th. This is a 16.7% increase from Garmin’s previous quarterly dividend of $0.90.

Garmin has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Garmin has a dividend payout ratio of 49.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Garmin to earn $10.06 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 41.7%.

Garmin Stock Down 0.1%

Shares of NYSE:GRMN opened at $238.23 on Friday. Garmin has a 52-week low of $186.67 and a 52-week high of $273.32. The stock’s fifty day simple moving average is $245.02 and its 200-day simple moving average is $226.81. The company has a market capitalization of $45.95 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.82 and a beta of 0.91.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.24. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, sell-side analysts anticipate that Garmin will post 9.53 earnings per share for the current year.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.