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

Garmin Ltd. (NYSE:GRMN) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 12th will be paid a dividend of 1.05 per share by the scientific and technical instruments company on Friday, March 26th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 12th.

Garmin has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Garmin has a dividend 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 Stock Up 9.3%

GRMN stock opened at $237.23 on Thursday. Garmin has a 52-week low of $169.26 and a 52-week high of $261.69. The stock has a market cap of $45.63 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. The business has a fifty day moving average of $207.37 and a two-hundred day moving average of $220.33.

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

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Company beat Q4 estimates — revenue $2.12B and pro‑forma EPS $2.79 — driven by broad segment strength; the results were released in the company press release. Read More.
• Positive Sentiment: Management guided FY2026 above consensus (EPS ~$9.35; revenue ~$7.9B), which is the primary catalyst for the rally — investors are pricing in continued top‑line and margin strength. Read More.
• Positive Sentiment: Capital returns reinforced: proposed ~17% dividend increase and a new $500M repurchase authorization—both reduce float and support EPS per share longer term. Read More.
• Positive Sentiment: Wearables and fitness products were standout drivers (reported double‑digit/very strong growth in fitness wearables), supporting higher-margin recurring sales and services. Read More.
• Neutral Sentiment: New product launches (e.g., Garmin Catalyst 2 and zūmo XT3) broaden addressable markets but will take time to scale; useful for long‑term revenue diversification. Read More.
• Neutral Sentiment: Analysts are revising models — some lift price targets while others remain cautious; consensus is broadly constructive but valuation now reflects elevated expectations. Read More.
• Negative Sentiment: Margin scrutiny and the need to sustain the wearables momentum are key risks: mixed commentary warned margins could be tested if product mix shifts or costs rise. Read More.
• Negative Sentiment: Recent insider selling (CFO disclosed a modest sale) and some institutional rebalancing were noted — not large individually but may be watched by sentiment‑sensitive investors. Read More.

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.