Garmin As of February 16, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
GRMN $2.44 0.0% 7.0% 7.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Navigation Products 1.8% 3 3.6% Quarter 2003
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Garmin hikes dividend by 9.8%

Garmin (GRMN) will increase its quarterly dividend by 9.8 percent to 67 cents per share in 2021. This follows a 7.0 percent to $0.61 per share in 2020 and marks 4 consecutive years of dividend increases.

If approved the first new quarterly dividend of 67 cents will be paid on June 30, 2021 to shareholders of record on June 15, 2021.

A new annual dividend of $2.68 per share will yield 2.1% at a stock price of $128. On March 31, 2021 Garmin stock will first trade ex-dividend for a last quarterly payment of 61 cents.

Garmin Ltd. offers global positioning system (GPS) navigation and wireless devices and applications. The Switzerland based company offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. Garmin offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. The company went public in 2000 and has paid a dividend every year since 2003.

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Ex-date Ticker Yield YTD hike
Mar 04 WY 1.9% %
Mar 04 D 3.5% 0.0%
Mar 04 BAC 2.1% 0.0%
Mar 04 PEP 3.0% 0.0%
Mar 04 SEE 1.5% 0.0%
Mar 04 AJG 1.6% 6.7%
Mar 04 LIN 1.5% 0.0%
Mar 04 KMB 3.5% 6.5%
Mar 04 BLK 2.3% 13.8%
Mar 04 TT 1.6% 11.3%