Garmin Ltd. (NYSE:GRMN) Declares Dividend Increase – $1.05 Per Share

Garmin Ltd. (NYSE:GRMN) declared 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 is Monday, June 15th. This is a 16.7% increase from Garmin’s previous quarterly dividend of $0.90.

Garmin has raised its dividend payment 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 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 NYSE:GRMN traded up $20.25 during trading on Wednesday, hitting $237.23. 3,049,791 shares of the company’s stock were exchanged, compared to its average volume of 1,040,975. The business’s 50-day simple moving average is $206.83 and its 200 day simple moving average is $220.21. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.27 and a beta of 1.00. Garmin has a 52-week low of $169.26 and a 52-week high of $261.69.

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

Garmin News Roundup

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 beat and strong guidance — Garmin reported $2.79 adj. EPS on $2.12B revenue (both beat consensus) and guided FY2026 revenue and EPS above Street estimates, which is the primary driver of the rally. Garmin announces fourth quarter and fiscal year 2025 results
• Positive Sentiment: Wearables and segment strength — Fitness revenue jumped ~42% (company highlighted Fitness and Aviation as growth stars), supporting durable top-line momentum and higher margin operating leverage. Fitness Wearable Boom Drives Record Profits For Garmin
• Positive Sentiment: Big capital returns — Board proposed a 17% dividend increase and authorized a new $500M buyback, signaling management confidence and returning cash to shareholders. Garmin Trading / Capital Returns
• Positive Sentiment: Analyst and institutional response — Several firms bumped estimates/ratings and institutional buying trends support multiple expansion if execution continues. Analyst coverage and institutional ownership
• Neutral Sentiment: Product pipeline and growth drivers — New product launches (Catalyst 2, zūmo XT3) expand addressable markets but near-term revenue impact is incremental. Garmin Catalyst 2 press release
• Neutral Sentiment: Margins and FCF watch — Q4 showed operational improvement but analysts flagged potential margin pressure from product mix and costs; free cash flow was healthy but investors should monitor margin trends in FY2026. Earnings call transcript
• Negative Sentiment: Insider sale — Garmin’s CFO sold a small number of shares (disclosed), which some investors view unfavorably even though the size is minor relative to overall holdings. SEC filing: insider sale
• Negative Sentiment: Valuation and prior underperformance — The stock already reflects much of the beat; some analysts remain cautious after a period of underperformance, which could limit upside absent sustained execution. Analyst estimates & ratings

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.