Garmin Ltd. (GRMN) Dividends
Dividend Yield and Dividend History Highlights
- In terms of debt burden relative to earnings, GRMN has an EBITDA to net debt ratio of 1,311,690,000, ranking above 96.82% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
- Free cash flow for GRMN has increased for the 5th straight quarter.
- To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with GRMN's price: NGVC, RPRX, WPG, ODC and CVGW.
GRMN Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $198.18 | $83.33 | -28.09% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of GRMN, the DDM model generated by StockNews estimates a return of negative 28.09% in comparison to its current price. To help understand and contextualize the model's evaluation of GRMN, investors may wish to consider are:
- In comparison to other stocks in the Technology sector, Garmin Ltd offers a higher dividend yield than 74.8% of them.
- In comparison to other US listed dividend yielding stocks in the Technology sector, the expected return of -28.09%, based on the stock's current share price and target price based on a dividend discount model, is greater than 72.44% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, Garmin Ltd bears a discount rate, according to our calculations, lower than 72.44% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- A stock's beta generally indicates its volatility relative to the broader equity market; for Garmin Ltd, its beta is lower than 28.81% of dividend issuing stocks we observed.
GRMN Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-09-13 | Dividend | $0.75 | -- |
| 2024-06-17 | Dividend | $0.75 | +2.74% |
| 2024-03-14 | Dividend | $0.73 | -- |
| 2023-12-14 | Dividend | $0.73 | -- |
| 2023-09-14 | Dividend | $0.73 | -- |
| 2023-06-16 | Dividend | $0.73 | -- |
| 2023-03-14 | Dividend | $0.73 | -- |
| 2022-12-14 | Dividend | $0.73 | -- |
| 2022-09-14 | Dividend | $0.73 | -- |
| 2022-06-16 | Dividend | $0.73 | +8.96% |
| 2022-03-14 | Dividend | $0.67 | -- |
| 2021-12-14 | Dividend | $0.67 | -- |
| 2021-09-14 | Dividend | $0.67 | -- |
| 2021-06-14 | Dividend | $0.67 | +9.84% |
| 2021-03-12 | Dividend | $0.61 | -- |
| 2020-12-14 | Dividend | $0.61 | -- |
| 2020-09-14 | Dividend | $0.61 | -- |
| 2020-06-12 | Dividend | $0.61 | +7.02% |
| 2020-03-13 | Dividend | $0.57 | -- |
| 2019-12-13 | Dividend | $0.57 | -- |
| 2019-09-13 | Dividend | $0.57 | -- |
| 2019-06-14 | Dividend | $0.57 | +7.55% |
| 2019-03-14 | Dividend | $0.53 | -- |
| 2018-12-13 | Dividend | $0.53 | -- |
| 2018-09-13 | Dividend | $0.53 | -- |
| 2018-06-15 | Dividend | $0.53 | +3.92% |
| 2018-03-14 | Dividend | $0.51 | -- |
| 2017-12-14 | Dividend | $0.51 | -- |
| 2017-09-14 | Dividend | $0.51 | -- |
| 2017-06-15 | Dividend | $0.51 | -- |
| 2017-03-13 | Dividend | $0.51 | -- |
| 2016-12-12 | Dividend | $0.51 | -- |
| 2016-09-13 | Dividend | $0.51 | -- |
| 2016-06-16 | Dividend | $0.51 | -- |
| 2016-03-14 | Dividend | $0.51 | -- |
| 2015-12-11 | Dividend | $0.51 | -- |
| 2015-09-11 | Dividend | $0.51 | -- |
| 2015-06-12 | Dividend | $0.51 | +6.25% |
| 2015-03-12 | Dividend | $0.48 | -- |
| 2014-12-11 | Dividend | $0.48 | -- |
| 2014-09-11 | Dividend | $0.48 | -- |
| 2014-06-13 | Dividend | $0.48 | +6.67% |
| 2014-03-13 | Dividend | $0.45 | -- |
| 2013-12-12 | Dividend | $0.45 | -- |
| 2013-09-12 | Dividend | $0.45 | -- |
| 2013-06-14 | Dividend | $0.45 | -- |
| 2013-03-13 | Dividend | $0.45 | -- |
| 2012-12-12 | Dividend | $0.45 | -- |
| 2012-09-12 | Dividend | $0.45 | -- |
| 2012-06-13 | Dividend | $0.45 | +12.50% |
| 2012-03-13 | Dividend | $0.40 | -- |
| 2011-12-13 | Dividend | $0.40 | -- |
| 2011-09-13 | Dividend | $0.40 | -50.00% |
| 2011-06-13 | Dividend | $0.80 | -46.70% |
| 2010-04-13 | Dividend | $1.50 | +100.13% |
| 2009-11-27 | Dividend | $0.75 | -- |
| 2008-11-26 | Dividend | $0.75 | -- |
| 2007-08-13 | Dividend | $0.75 | +50.00% |
| 2006-11-29 | Dividend | $0.50 | +100.00% |
| 2006-08-16 | Split | 2-1-for-1 Stock Split | N/A |
| 2005-11-29 | Dividend | $0.50 | -- |
| 2004-11-29 | Dividend | $0.50 | -- |
| 2003-11-26 | Dividend | $0.50 | -- |
GRMN Dividends vs. Peers
GRMN's dividend yield currently ranks #36 of 68 vs. its peers in the Technology - Hardware category.
Looking for More Information on GRMN dividends?
Want to see what other sources are saying about Garmin Ltd's dividends? Try the links below:Garmin Ltd Common Stock (GRMN) Dividend History | Nasdaq
Dividend History for Garmin Ltd (GRMN) - Dividend Investor
Garmin Ltd (GRMN) Dividend History - Seeking Alpha