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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Garmin Ltd. (GRMN) pays a $3.75 annual dividend ($1.05 quarterly), yielding 1.31% at $285.19/share. Next ex-dividend date 2027-03-12. 22+ consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.31%
Annual Dividend: $3.75 per share
Payout Ratio: 38.5%
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 builds GPS devices, aviation avionics, fitness watches, and marine navigation systems sold across six continents. The current yield is 1.27%, with a trailing annual dividend rate of $3.75 per share paid quarterly. The next ex-dividend date is March 12, 2027. GRMN's beta of 0.874 makes it less volatile than the broader market, which suits dividend investors who want income without sharp price swings.
Garmin Ltd. pays out 38.5% 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 GRMN's diversified revenue across aviation, marine, fitness, and outdoor segments reduces dependence on any single product line. Garmin Ltd. dividend safety faces its most realistic test from the technology hardware sector itself, where product cycles and consumer demand can shift quickly, though the current payout ratio provides a wide buffer.
Over the past 13 years, 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 data 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% increase in 2016 and 2017, when the annual dividend held 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 fits dividend investors who prioritize earnings coverage and steady growth over headline yield. The yield is low (below 2%) at 1.27%, and the current yield sits above the 5-year average of 1.01%, meaning today's entry point offers slightly more income than the historical norm. The 38.5% payout ratio keeps the dividend well-protected across Garmin Ltd.'s hardware-driven business. Twenty-two consecutive years of increases show a clear commitment to growing the payment. The trade-off is straightforward: income is modest in dollar terms, but the payout is backed by a conservative earnings cushion and a multi-segment product portfolio.
| 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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