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Garmin Ltd. (GRMN)
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GRMN Dividends

Garmin Ltd. (GRMN) pays $3.60 in dividends per share, with a current dividend yield of 1.51%. The company has dividend history for 8 consecutive years.

GRMN Dividend Summary

Consecutive Years

8

Next Ex-Dividend Date

Mar 12, 2027

Next Payment Date

Mar 26, 2027

GRMN Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

GRMN Dividends CAGR Chart

Garmin Ltd. (GRMN)

Annual Dividend History

YearDividend/ShareYoY Growth
2027$1.05N/A
2026(YTD)$4.05
2025$3.45+15.77%
2024$2.98+2.05%
2023$2.92+2.10%
2022$2.86+9.16%
2021$2.62+9.17%
2020$2.40+7.14%
2019$2.24+6.67%
2018$2.10+2.94%
2017$2.04+0.00%
2016$2.04+1.49%
2015$2.01+6.35%
2014$1.89+5.00%
2013$1.80+2.86%
2012$1.75N/A
2011$1.60N/A
2010$1.50+100.13%
2009$0.75+0.00%
2008$0.75+0.00%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q1 2027$1.05+16.67%
Q4 2026$1.05+16.67%
Q3 2026$1.05+16.67%
Q2 2026$1.05+16.67%
Q1 2026$0.90+20.00%
Q4 2025$0.90+20.00%
Q3 2025$0.90+20.00%
Q2 2025$0.90+20.00%
Q1 2025$0.75+2.74%
Q4 2024$0.75+2.74%
Q3 2024$0.75+2.74%
Q2 2024$0.75+2.74%
Q1 2024$0.73+0.00%
Q4 2023$0.73+0.00%
Q3 2023$0.73+0.00%
Q2 2023$0.73+0.00%
Q1 2023$0.73+8.96%
Q4 2022$0.73+8.96%
Q3 2022$0.73+8.96%
Q2 2022$0.73+8.96%
Q1 2022$0.67+9.84%
Q4 2021$0.67+9.84%
Q3 2021$0.67+9.84%
Q2 2021$0.67+9.84%

Dividend Yield Metrics

Current Yield
1.51%
Average Yield (TTM)
1.51%
Average Yield (3Y)
1.47%
Forward Yield on Cost (3Y)
2.14%
Forward Yield on Cost (5Y)
2.70%
Forward Yield on Cost (10Y)
4.82%

Payout Ratio Analysis

Payout Ratio (Current)
41.62%
FCF Payout Ratio
47.73%
Payout Ratio (3Y Avg)
41.25%
Payout Ratio (5Y Avg)
45.36%
FCF Payout (3Y Avg)
47.42%
FCF Payout (5Y Avg)
63.10%

Dividend Coverage

Payout Ratio
41.6%
Dividends / net income
FCF Payout Ratio
47.7%
Dividends / free cash flow
Consecutive Years
8 years
Years with regular dividend payments
5Y Dividend Growth
9.1%
Compound annual dividend growth

About Garmin Ltd.

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

Schaffhausen
21,800 employees
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Clifton Albert Pemble