GRMN Garmin dividend history, payout ratio & dates
Garmin's last dividend payment of $0.75 per share was made to shareholders on record before Sep 13, 2024. The dividend payment stands at $2.96 per share annually, which equates to a dividend yield of 1.42%.
Key dates
- GRMN last dividend date: Sep 13, 2024
GRMN dividend stats
vs. Technology sector
Dividend yield
GRMN has a dividend yield of 1.42% which is higher than the industry average but lower than the Technology sector average. In comparison with the Technology sector average of 1.66%, Garmin's dividend yield is 14% lower. The historical 5-year average of GRMN's dividend yield is 2.3%, which is higher than the current one.
Dividend history
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 grown by 1.4% since one year ago. However with the stock price up by 75% from a year ago, the dividend yield marks a decrease of 42%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 13, 2024 | $0.75 | 1.71% |
| Jun 17, 2024 | $0.75 | 1.83% |
| Mar 14, 2024 | $0.73 | 1.99% |
| Dec 14, 2023 | $0.73 | 2.32% |
| Sep 14, 2023 | $0.73 | 2.74% |
| Jun 16, 2023 | $0.73 | 2.75% |
| Mar 14, 2023 | $0.73 | 3.01% |
| Dec 14, 2022 | $0.73 | 2.99% |
| Sep 14, 2022 | $0.73 | 2.41% |
| Jun 16, 2022 | $0.73 | 2.23% |
| Mar 14, 2022 | $0.67 | 1.84% |
| Sep 14, 2021 | $0.67 | 1.51% |
| Jun 14, 2021 | $0.67 | 1.75% |
| Mar 12, 2021 | $0.61 | 1.91% |
| Dec 14, 2020 | $0.61 | 2.05% |
| Sep 14, 2020 | $0.61 | 2.37% |
| Jun 12, 2020 | $0.61 | 2.53% |
| Mar 13, 2020 | $0.57 | 2.95% |
| Dec 13, 2019 | $0.57 | 2.3% |
| Sep 13, 2019 | $0.57 | 2.58% |
| Jun 14, 2019 | $0.57 | 2.71% |
| Mar 14, 2019 | $0.53 | 2.55% |
| Dec 13, 2018 | $0.53 | 3.18% |
| Sep 13, 2018 | $0.53 | 3.03% |
| Jun 15, 2018 | $0.53 | 3.36% |
| Mar 14, 2018 | $0.51 | 3.39% |
| Dec 14, 2017 | $0.51 | 3.43% |
| Sep 13, 2017 | $0.51 | 3.88% |
| Jun 15, 2017 | $0.51 | 3.95% |
| Mar 13, 2017 | $0.51 | 3.93% |
| Dec 12, 2016 | $0.51 | 4.11% |
| Sep 13, 2016 | $0.51 | 4.35% |
| Jun 16, 2016 | $0.51 | 4.87% |
| Mar 14, 2016 | $0.51 | 5.19% |
| Dec 11, 2015 | $0.51 | 5.67% |
| Sep 11, 2015 | $0.51 | 5.52% |
| Jun 12, 2015 | $0.51 | 4.35% |
| Mar 12, 2015 | $0.48 | 3.94% |
Garmin dividend payout ratio
Payout ratio
GRMN has a payout ratio of 37.4% which is higher than the industry average but lower than the Technology sector average. In comparison with the Technology sector average of 41.7%, Garmin's payout ratio is 10% lower.
Total amount of dividends paid per financial year (from cash flow)
GRMN dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| JOUT Johnson Outdoors Inc | 4.06% | $1.32 | N/A |
| HON Honeywell International Inc | 1.93% | $4.37 | 50.2% |
| GRMN Garmin Ltd | 1.42% | $2.96 | 37.4% |
| MSI Motorola Solutions Inc | 0.79% | $3.92 | 41.9% |
| 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 was GRMN's last dividend?
Garmin's last dividend ex-date was on Sep 13, 2024. The dividend amount was $0.75 per share.
How much dividend does Garmin pay (per share)?
On an annual basis GRMN pays $2.96 per share.
What is Garmin's dividend yield?
The current dividend yield of Garmin is 1.42%.
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 37.4%.
Does Garmin pay a good dividend?
Garmin's dividend yield is lower than the Technology sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.