Garmin Ltd.
GRMNTechnology · Stock · quarterly payer
Forward Yield
1.52%
Annual Dividend
$4.20
Payout Ratio
39%
5-Yr Growth
7.5%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, Garmin Ltd. (GRMN) yields 1.52% ($4.20 per share annually), with a blended fair-value estimate of $223.69 — -19% downside, so it screens as overvalued. Dividend safety grade: A (84/100). 8 years of dividend growth.
Is GRMN a good dividend stock?
YesGarmin Ltd. (GRMN) pays a quarterly dividend yielding 1.52% ($4.20/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (39%)
- Strong 7.5% 5-yr dividend growth
- 78% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.52%
- Payout Ratio
- 39%
- Annual Dividend
- $4.20
- 5-Yr Avg Growth
- 7.5%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 8
- Frequency
- quarterly
- Beta
- 0.87
- Market Cap
- $53.4B
- P/E Ratio
- 28.6
- 5-Yr Total Return
- 78%
- 52-Week Range
- $186.67 – $314.28
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
Frequently Asked Questions
GRMN Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+163%
5 Years
+78%
52-Week Range
$186.67 – $314.28
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GRMN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Garmin Ltd. is $223.69 per share, versus a market price of $277.03. That implies 19% of downside.
Fair Value
$223.69
Current Price
$277.03
Downside
-19%
Margin of Safety
-24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.6% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $9.70 EPS, $4.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GRMN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $1.0500 | regular |
| Mar 13, 2026 | — | $0.9000 | regular |
| Dec 12, 2025 | — | $0.9000 | regular |
| Sep 12, 2025 | — | $0.9000 | regular |
| Jun 16, 2025 | — | $0.9000 | regular |
| Mar 14, 2025 | — | $0.7500 | regular |
| Dec 13, 2024 | — | $0.7500 | regular |
| Sep 13, 2024 | — | $0.7500 | regular |
| Jun 17, 2024 | — | $0.7500 | regular |
| Mar 14, 2024 | — | $0.7300 | regular |
| Dec 14, 2023 | — | $0.7300 | regular |
| Sep 14, 2023 | — | $0.7300 | regular |
| Jun 16, 2023 | — | $0.7300 | regular |
| Mar 14, 2023 | — | $0.7300 | regular |
Income Calculator
At $4.20 / yr per share
