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GRMN Garmin dividend history, payout ratio & dates

Garmin's last quarterly dividend payment of $0.73 per share was made to shareholders on record before Mar 14, 2024. The dividend payment stands at $2.92 per share annually, which equates to a dividend yield of 1.71%.

Key dates

  • GRMN last dividend date: Mar 14, 2024
  • GRMN next dividend date: Jun 17, 2024
GRMN dividend stats
DPS
$2.92
Dividend yield
1.71%
Payout ratio
41%
vs. Technology sector
Dividend yield
1.46%
Payout ratio
33.9%

Dividend yield

What is Garmin current dividend yield

GRMN has a dividend yield of 1.71% which is higher than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 1.46%, Garmin's dividend yield is 17% higher. The historical 5-year average of GRMN's dividend yield is 2.4%, which is higher than the current one.

Dividend history

What is GRMN dividend payout history and dates

Garmin has been paying dividends for the last 21 years. According to our records GRMN has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. However with the stock price up by 64% from a year ago, the dividend yield marks a decrease of 39%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 14, 2024 Mar 29, 2024 Feb 22, 2023 $0.73 normal
Dec 14, 2023 Dec 29, 2023 Feb 22, 2023 $0.73 normal
Sep 14, 2023 Sep 29, 2023 Feb 22, 2023 $0.73 normal
Jun 16, 2023 Jun 30, 2023 Feb 22, 2023 $0.73 normal
Mar 14, 2023 Mar 31, 2023 Feb 16, 2022 $0.73 normal
Dec 14, 2022 Dec 30, 2022 Feb 16, 2022 $0.73 normal
Sep 14, 2022 Sep 30, 2022 Feb 16, 2022 $0.73 normal
Jun 16, 2022 Jun 30, 2022 Feb 16, 2022 $0.73 normal
Mar 14, 2022 Mar 31, 2022 Feb 17, 2021 $0.67 normal
Dec 14, 2021 Feb 17, 2021 $0.67 normal
Sep 14, 2021 Sep 30, 2021 Feb 17, 2021 $0.67 normal
Jun 14, 2021 Jun 30, 2021 Feb 17, 2021 $0.67 normal
Mar 12, 2021 Mar 31, 2021 Feb 19, 2020 $0.61 normal
Dec 14, 2020 Dec 31, 2020 Feb 19, 2020 $0.61 normal
Sep 14, 2020 Sep 30, 2020 Feb 19, 2020 $0.61 normal
Jun 12, 2020 Jun 30, 2020 Jun 5, 2020 $0.61 normal
Mar 13, 2020 Mar 31, 2020 Feb 14, 2020 $0.57 normal
Dec 13, 2019 Dec 31, 2019 Oct 25, 2019 $0.57 normal
Sep 13, 2019 Sep 30, 2019 Jul 26, 2019 $0.57 normal
Jun 14, 2019 Jun 28, 2019 Jun 7, 2019 $0.57 normal
Mar 14, 2019 Mar 29, 2019 Feb 15, 2019 $0.53 normal
Dec 13, 2018 Dec 31, 2018 Oct 26, 2018 $0.53 normal
Sep 13, 2018 Sep 28, 2018 Jul 27, 2018 $0.53 normal
Jun 15, 2018 Jun 29, 2018 Jun 8, 2018 $0.53 normal
Mar 14, 2018 Mar 30, 2018 Feb 16, 2018 $0.51 normal
Dec 14, 2017 Dec 29, 2017 Jun 9, 2017 $0.51 normal
Sep 13, 2017 Sep 29, 2017 Jul 28, 2017 $0.51 normal
Jun 15, 2017 Jun 30, 2017 Jun 9, 2017 $0.51 normal
Mar 13, 2017 Mar 31, 2017 Feb 17, 2017 $0.51 normal
Dec 12, 2016 Dec 30, 2016 Oct 20, 2016 $0.51 normal
Sep 13, 2016 Sep 30, 2016 Jun 10, 2016 $0.51 normal
Jun 16, 2016 Jun 30, 2016 Jun 10, 2016 $0.51 normal
Mar 14, 2016 Mar 31, 2016 Feb 18, 2015 $0.51 normal
Dec 11, 2015 Dec 31, 2015 Feb 18, 2015 $0.51 normal
Sep 11, 2015 Sep 30, 2015 Jul 24, 2015 $0.51 normal

Garmin dividend payout ratio

What is Garmin dividend payout ratio compared to the sector

Payout ratio

GRMN has a payout ratio of 41% which is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 33.9%, Garmin's payout ratio is 21% higher.

Total amount of dividends paid per financial year (from cash flow)

GRMN dividend vs peer dividends

How does GRMN dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
JOUT Johnson Outdoors Inc 3.58% $1.3 270.8%
GRMN Garmin Ltd 1.71% $2.92 41%
MSI Motorola Solutions Inc 1.01% $3.72 44.7%
CMTL Comtech Telecommunications Corp N/A N/A N/A

Frequently asked questions

Does Garmin pay a dividend?

Yes, Garmin has paid four dividends in the last 12 months. GRMN has been paying dividends since 2003.

When is Garmin's next dividend?

GRMN's next dividend date is Jun 17, 2024 (ex-date).

When was GRMN's last dividend?

Garmin's last dividend ex-date was on Mar 14, 2024. The dividend amount was $0.73 per share.

How much dividend does Garmin pay (per share)?

On an annual basis GRMN pays $2.92 per share.

What is Garmin's dividend yield?

The current dividend yield of Garmin is 1.71%.

How often does Garmin pay dividends?

Garmin has a quarterly dividend frequency.

What is Garmin's dividend payout ratio?

Garmin's dividend payout ratio is 41%.

Does Garmin pay a good dividend?

Garmin's dividend yield is higher than the Technology sector average.