Garmin Board Plans 17% Quarterly Dividend Hike To $1.05/Share
Benzinga Newsdesk 8 months ago
NewsDividends
Dividend Recommendation and New Share Repurchase Program:The Board of Directors intends to recommend to the shareholders for approval at the annual meeting to be held on June 5, 2026, a cash dividend in the amount of
Dividend Recommendation and New Share Repurchase Program:
The Board of Directors intends to recommend to the shareholders for approval at the annual meeting to be held on June 5, 2026, a cash dividend in the amount of $4.20 per share, payable in four equal installments on dates to be determined by the Board. The Board currently anticipates the scheduling of the dividend in four installments as follows:
| Dividend Date | Record Date | Dividend Per Share | ||
| June 26, 2026 | June 15, 2026 | $1.05 | ||
| September 25, 2026 | September 11, 2026 | $1.05 | ||
| December 24, 2026 | December 11, 2026 | $1.05 | ||
| March 26, 2027 | March 12, 2027 | $1.05 |
In addition, the Board has established March 27, 2026 as the payment date and March 13, 2026 as the record date for the final dividend installment of $0.90 per share, per the prior dividend approval at the 2025 annual shareholders' meeting. The first, second and third payments of $0.90 per share were made on June 27, 2025, September 26, 2025, and December 26, 2025, respectively.