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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): Garmin Ltd. (GRMN) pays a $3.75 annual dividend ($1.05 quarterly), yielding 1.56% at $239.96/share. Next ex-dividend date 2027-03-12. 22+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.56%
Annual Dividend: $3.75 per share
Payout Ratio: 39.9%
Ex-Dividend Date: 2027-03-12
Dividend Frequency: quarterly
Sector: Technology
Years of Dividend History: 25
Garmin Ltd. dividend income comes from a technology company that makes GPS devices, aviation avionics, fitness watches, and marine navigation systems sold across more than a dozen global markets. The current yield is 1.61%, with a trailing annual dividend rate of $3.75 per share paid quarterly. The next ex-dividend date is March 12, 2027. With a beta of 0.918, GRMN stock moves slightly below the broader market, which suits dividend investors who want technology exposure without extreme price swings.
Garmin Ltd. pays out 39.9% of earnings as dividends, a payout ratio classified as conservative (below 40%). That level of restraint leaves meaningful room to absorb earnings pressure without touching the dividend, and GRMN's product portfolio spans aviation avionics, marine navigation, and fitness wearables, all of which represent demand across multiple end markets rather than a single revenue source. Garmin Ltd. dividend safety faces its clearest test from the technology hardware cycle, where product demand can shift quickly and margins are not guaranteed to hold.
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 window (2026 is a partial year and excluded from the rate calculation). The largest annual increase in the window was 15.8% in 2025, while the smallest single-year step was a flat 0% hold between 2016 and 2017, when the annual payment stayed at $2.04.
| 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) |
GRMN stock fits dividend investors who prioritize payment reliability and moderate growth over maximum current income. The yield sits at 1.61%, classified as low (below 2%), and runs above the 5-year average of 1.28%, so the current entry point offers slightly more income than the historical norm. Twenty-two consecutive years of dividend increases across fitness, aviation, marine, and outdoor product lines show a long pattern of annual raises. The trade-off is straightforward: the payout is conservative and the growth rate is real, but at 1.61%, Garmin Ltd. is not a high-income stock. Investors get a growing dividend backed by a low payout ratio, and they give up yield.
| 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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