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

Garmin Ltd. (NYSE:GRMN) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, December 11th will be paid a dividend of 1.05 per share by the scientific and technical instruments company on Thursday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 11th.

Garmin has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Garmin has a payout ratio of 42.8% indicating that 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 Price Performance

Shares of Garmin stock 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 stock has a fifty day moving average price of $206.83 and a 200 day moving average price of $220.21. The firm has a market cap of $45.63 billion, a PE ratio of 29.22, a P/E/G ratio of 2.27 and a beta of 1.00. Garmin has a fifty-two week low of $169.26 and a fifty-two week high of $261.69.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.40. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, sell-side analysts forecast that Garmin will post 7.8 EPS 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.