Garmin Ltd. (NYSE:GRMN) Plans $1.05 Quarterly Dividend

Garmin Ltd. (NYSE:GRMN) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, September 11th will be paid a dividend of 1.05 per share by the scientific and technical instruments company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 11th.

Garmin has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Garmin has a dividend payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Garmin to earn $7.98 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 45.1%.

Garmin Stock Performance

Shares of NYSE:GRMN traded up $20.25 during midday trading on Wednesday, reaching $237.23. The company had a trading volume of 3,049,791 shares, compared to its average volume of 1,040,975. The company has a fifty day simple moving average of $206.83 and a two-hundred day simple moving average of $220.21. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. Garmin has a 1-year low of $169.26 and a 1-year high of $261.69.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company posted $2.41 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Analysts expect that Garmin will post 7.8 EPS for the current year.

Garmin Company Profile

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.