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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): Garmin Ltd. (GRMN) pays a $4.20 annual dividend ($1.05 quarterly), yielding 1.47% at $284.79/share. Next ex-dividend date 2026-12-11. 22+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.47%
Annual Dividend: $4.20 per share
Payout Ratio: 38.7%
Ex-Dividend Date: 2026-12-11
Dividend Frequency: quarterly
Sector: Technology
Years of Dividend History: 25
Garmin Ltd. dividend income comes from a technology company that builds GPS devices, aviation avionics, smartwatches, and marine electronics sold worldwide. The current yield is 1.57%, with a trailing annual dividend rate of $4.20 per share paid quarterly. The next ex-dividend date is December 11, 2026. GRMN's beta of 0.83 makes it less volatile than the broader market, which suits dividend investors who want income without sharp price swings.
Garmin Ltd. pays out 38.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves meaningful room to absorb earnings pressure without touching the dividend, and Garmin's broad product lineup spanning aviation, fitness wearables, and marine navigation spans multiple end markets rather than a single revenue source. Garmin Ltd. dividend safety faces its most plausible test from the technology sector's exposure to consumer spending cycles, since a meaningful share of GRMN's products are discretionary purchases.
Garmin Ltd. dividend history shows a CAGR of 5.4% per year from 2012 to 2025. Per-share payments grew from $1.75 to $3.45 over that span (2026 data is partial and excluded from the CAGR calculation). The largest annual increase in the window was 15.8% in 2025, while the smallest single-year step was a flat $0.00 increase in 2017, when the dividend held at $2.04 for the second consecutive year.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.5% | $2.86 (2022) | $3.45 (2025) |
| 5-Year | +7.5% | $2.40 (2020) | $3.45 (2025) |
| 10-Year | +5.6% | $2.01 (2015) | $3.45 (2025) |
Garmin Ltd. stock fits dividend investors who prioritize payment reliability and moderate growth over maximum current income. The yield is low (below 2%), and at 1.57% it sits below GRMN's own 5-year average of 1.89%, meaning buyers today are getting less income per dollar invested than the historical norm. The 38.7% payout ratio is the real draw: it keeps the dividend well-covered and has supported 22 consecutive years of increases across a product portfolio that spans aviation, fitness, and marine markets. The trade-off is straightforward. Income-focused investors accept a below-average yield in exchange for a payment that has room to grow and has not been cut in the available history.
| Payment Date | Amount per Share |
|---|---|
| 2027-03-12 | $1.0500 |
| 2026-12-11 | $1.0500 |
| 2026-09-11 | $1.0500 |
| 2026-06-15 | $1.0500 |
| 2026-03-13 | $0.9000 |
| 2025-12-12 | $0.9000 |
| 2025-09-12 | $0.9000 |
| 2025-06-16 | $0.9000 |
| 2025-03-14 | $0.7500 |
| 2024-12-13 | $0.7500 |
| Year | Total Dividends |
|---|---|
| 2027 | $1.0500 |
| 2026 | $4.0500 |
| 2025 | $3.4500 |
| 2024 | $2.9800 |
| 2023 | $2.9200 |
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