Garmin Ltd. (GRMN) to Issue Quarterly Dividend of $1.05 on March 26th

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

Garmin has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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 Trading Up 0.9%

Shares of GRMN opened at $239.70 on Friday. The stock has a market cap of $46.10 billion, a PE ratio of 27.87, a PEG ratio of 2.35 and a beta of 1.00. Garmin has a 1 year low of $169.26 and a 1 year high of $261.69. The stock has a 50 day simple moving average of $207.95 and a 200-day simple moving average of $220.46.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company earned $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 forecast that Garmin will post 7.8 EPS for the current fiscal year.

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 beat and bullish 2026 guide: Garmin reported Q4 revenue of $2.12B (+16.6% YoY) and pro‑forma EPS $2.79, topping estimates; management guided FY2026 well above consensus (EPS ~9.35), which drove the initial rally. Garmin’s Q4 Earnings Surpass Estimates, Revenues Rise Y/Y
• Positive Sentiment: Big shareholder returns: management announced a 17% hike to the quarterly dividend (now $1.05) and a new $500M share repurchase program — both support near‑term total return and likely tightened float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Wearables and end‑market strength: Fitness (+42%), Aviation (+16%) and Marine (+18%) drove the quarter and underpin the higher guide and cash flow generation (FCF ≈ $430M). This supports margin and capital return sustainability. Fitness Wearable Boom Drives Record Profits For Garmin
• Neutral Sentiment: Analyst reactions mixed but constructive: some firms raised targets or upgraded coverage (JPMorgan raised target to $265; Morgan Stanley also upgraded in recent coverage), supporting momentum but ratings remain varied. Morgan Stanley upgrades Garmin (GRMN) JPMorgan raises target (Benzinga)
• Neutral Sentiment: Valuation is elevated vs. history: Garmin now trades at ~27x forward earnings, which prices in the growth and cash‑return story — good if execution continues, but increases downside risk if growth slows. Assessing Garmin (GRMN) Valuation After Earnings Beat Guidance Boost And New Product Releases
• Negative Sentiment: Some segment weakness and insider selling: Outdoors and Automotive OEM lagged the quarter, and recent filings show insiders have sold shares (no purchases noted), which may concern some investors. QuiverQuant analysis of Garmin move

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.