Garmin's last quarterly dividend payment of $0.73 per share was made to shareholders on record before Sep 14, 2022. The dividend payment stands at $2.8 per share annually, which equates to a dividend yield of 3.4%.
GRMN has a dividend yield of 3.4% which is higher than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 1.73%, Garmin's dividend yield is 97% higher. The historical 5-year average of GRMN's dividend yield is 2.6%, which is lower than the current one.
Garmin has been paying dividends for the last 19 years. According to our records GRMN has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 9% since one year ago. And with the stock price down by 47% from a year ago, the dividend yield has grown by 106%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
GRMN has a payout ratio of 53% which is higher than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 28%, Garmin's payout ratio is 89% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CMTL Comtech Telecommunications Corp | 3.74% | $0.4 | N/A |
| GRMN Garmin Ltd | 3.35% | $2.8 | 53% |
| JOUT Johnson Outdoors Inc | 2.28% | $1.2 | 28.8% |
| MSI Motorola Solutions Inc | 1.34% | $3.16 | 44.3% |
Yes, Garmin has paid four dividends in the last 12 months. GRMN has been paying dividends since 2003.
GRMN's next dividend date is Dec 14, 2022 (ex-date).
Garmin's last dividend ex-date was on Sep 14, 2022. The dividend amount was $0.73 per share.
On an annual basis GRMN pays $2.8 per share.
The current dividend yield of Garmin is 3.4%.
Garmin has a quarterly dividend frequency.
Garmin's dividend payout ratio is 53%.
Garmin's dividend yield is higher than the Technology sector average.