Garmin Ltd.

Last update: Mar 25, 2026 at 04:53

About Garmin Ltd.

Garmin Ltd. is a leading provider of GPS-enabled devices and wireless technology worldwide. The company designs, develops, manufactures, markets, and distributes a diverse portfolio of products across five primary segments: Outdoor, Fitness, Marine, Aviation, and Auto OEM. In fitness and multisport, it offers running watches, cycling products, smartwatches, scales, monitors, and platforms like Garmin Connect and Connect IQ for tracking activities, workouts, wellness data, and third-party app development. The outdoor segment includes adventure watches, handhelds, and satellite communicators for hiking, golf, and dog tracking. Marine products feature navigation systems, cartography, sounders, radar, autopilots, and audio solutions. Aviation provides advanced avionics and instruments, while Auto OEM supplies navigation and infotainment systems to vehicle manufacturers. Garmin Ltd. supports active lifestyles, marine navigation, flight operations, and automotive integration through durable, sensor-based hardware and software. Incorporated in Switzerland and headquartered in Schaffhausen, it serves consumers, professionals, and OEM partners globally.

Dividend Overview

Dividend Yield

1.53%

Annual Dividend

$3.60

Frequency

Quarterly

Payout Ratio

40.16%

FCF Payout Ratio

48.71%

Stock Price

$241.11

52-Week Range

$169.26 – $261.69

Dividend Health Score

Very Safe

Dividend Health Assessment

GRMN's dividend appears very safe. Strengths include a 40.2% earnings payout ratio & 48.7% fcf payout ratio. The dividend has been growing at a 7.53% 5-year CAGR.

Based on 13 of 15 metrics

Payout & Coverage

Safe

Earnings Payout Ratio

40.2%Very Safe

FCF Payout Ratio

48.7%Safe

CFO Payout Ratio

39.8%Safe

Interest Coverage

N/AN/A

Balance Sheet

Very Safe

Net Debt / Total Assets

N/AN/A

Current Ratio

3.6xVery Safe

Debt-to-Equity

2.2Very Safe

Profitability

Very Safe

Return on Equity

19.8%Safe

Operating Margin

28.9%Very Safe

Gross Margin

59.2%Very Safe

Profit Margin Stability

Very StableVery Safe

Dividend Track Record

Very Safe

11+ yrsVery Safe

NoneVery Safe

7.5%Safe

GrowingVery Safe

Dividend History (2016–2025)

GRMN annual dividend per share and yield history

Earnings & Profitability

GRMN earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

June 15, 2026

Next Payment Date

March 26, 2027

Dividend Growth

3-Year Dividend CAGR

6.45%

5-Year Dividend CAGR

7.53%

10-Year Dividend CAGR

5.55%

3-Year Total Growth

20.63%

5-Year Total Growth

43.75%

10-Year Total Growth

71.64%

Income Calculator

GRMN Dividend Calculator

Number of Shares

Total Investment

$24,111.00

Annual Income

$360.00

Quarterly Income

$90.00

Monthly Income

$30.00

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Frequently Asked Questions

What is GRMN's current dividend yield?

Garmin Ltd. (GRMN) currently has a dividend yield of 1.53%, based on a stock price of $241.11 and an annual dividend of $3.60.

When is GRMN's next dividend payment date?

GRMN's next ex-dividend date is 2026-06-15 and the next payment date is 2027-03-26. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does GRMN pay in dividends per year?

Garmin Ltd. paid $3.45 per share in annual dividends in 2025. The dividends are paid quarterly.

Has GRMN been increasing its dividend?

Garmin Ltd. has grown its dividend at a 5-year CAGR of 7.53% and a 10-year CAGR of 5.55%.

Is GRMN's dividend safe?

Garmin Ltd. has a payout ratio of 40.16%. Its free cash flow payout ratio is 48.71%. A payout ratio below 60% is generally considered sustainable.

How is GRMN's Dividend Health Score calculated?

The Dividend Health Score evaluates Garmin Ltd.'s dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for technology companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.