Garmin Announces 25% Dividend Increase

Garmin Ltd. has announced that its shareholders have approved a quarterly dividend through March 2025. The approved cash dividend amounts to $3.00 per share, payable in four equal installments. The June installment of the dividend, totaling $0.75 per share, is set to be paid on June 28, 2024, with remaining quarterly dividend installments scheduled for September 27, 2024, December 27, 2024, and March 28, 2025, each also at $0.75 per share.

This marks a significant increase from the previous dividend, which was paid at a rate of $0.60 per share. The new approved quarterly dividend represents a 25% increase over the prior period.

Garmin Ltd., known for developing technology that helps people stay active and elevate performance, continues to demonstrate its commitment to providing value to its shareholders through this substantial increase in the quarterly dividend. Today the company's shares have moved -0.8% to a price of $161.29. For the full picture, make sure to review Garmin's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.