Garmin Ltd.
GRMNTechnology · Scientific & Technical Instruments · Stock · quarterly payer
Forward Yield
1.42%
Annual Dividend
$4.20
Payout Ratio
39%
5-Yr Growth
7.5%
Ex-Date
Dec 11, 2026
Frequency
Quarterly
Key facts about GRMN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, Garmin Ltd. (GRMN) has a forward dividend yield of 1.42%, based on an annual dividend of $4.20 per share and a share price of $295.40.
- As of Oct 23, 2026, GRMN's dividend safety grade from SmarterDividends is A (84 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Garmin Ltd. (GRMN) has raised its dividend for 8 consecutive years as of Oct 23, 2026.
- GRMN has never cut its regular dividend in the payment history SmarterDividends has on record.
- GRMN's next ex-dividend date is Dec 11, 2026, with payment on Dec 24, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 23, 2026, GRMN pays out 39% of its trailing 12-month earnings as dividends (its payout ratio).
- GRMN's dividend has grown at an average rate of 7.5% a year over the past five years.
- As of Oct 23, 2026, GRMN's 1.42% yield is 34% below its five-year average yield of 2.16%.
- As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for GRMN is $189.12 per share, 36% below the $295.40 share price, so GRMN screens as overvalued.
- Garmin Ltd. (GRMN) pays its dividend quarterly, 4 times a year.
- Garmin Ltd. (GRMN) has raised its regular dividend 13 times and cut it 1 time across the 70 payments on record since 2003. Its most recent change was a 16.7% increase to $1.05 per share, going ex-dividend on Jun 15, 2026. The last cut went ex-dividend on Sep 13, 2011.
- Garmin (GRMN) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 16.7%, was declared on Feb 18, 2026.
Cite this page
SmarterDividends, "GRMN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/GRMN
Summary
As of Oct 23, 2026, Garmin Ltd. (GRMN) yields 1.42% ($4.20 a year per share), has a dividend safety grade of A (84/100) and has 8 consecutive years of dividend increases on record.
Is GRMN a good dividend stock?
YesGarmin Ltd. (GRMN) pays a quarterly dividend yielding 1.42% ($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
- 120% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.42%
- Payout Ratio
- 39%
- Annual Dividend
- $4.20
- 5-Yr Avg Growth
- 7.5%
- Ex-Dividend Date
- Dec 11, 2026
- Years of Growth
- 8
- Frequency
- quarterly
- Beta
- 0.83
- Market Cap
- $57.0B
- P/E Ratio
- 30.5
- 5-Yr Total Return
- 120%
- 52-Week Range
- $186.67 – $314.28
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
GRMN dividend raises and cuts
Garmin Ltd. (GRMN) has raised its regular dividend 13 times and cut it 1 time across the 70 payments on record since 2003. Its most recent change was a 16.7% increase to $1.05 per share, going ex-dividend on Jun 15, 2026. The last cut went ex-dividend on Sep 13, 2011.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 15, 2026 | Raise | $0.900 → $1.05 | +16.7% |
| Jun 16, 2025 | Raise | $0.750 → $0.900 | +20.0% |
| Jun 17, 2024 | Raise | $0.730 → $0.750 | +2.7% |
| Jun 16, 2022 | Raise | $0.670 → $0.730 | +9.0% |
| Jun 14, 2021 | Raise | $0.610 → $0.670 | +9.8% |
| Jun 12, 2020 | Raise | $0.570 → $0.610 | +7.0% |
| Jun 14, 2019 | Raise | $0.530 → $0.570 | +7.5% |
| Jun 15, 2018 | Raise | $0.510 → $0.530 | +3.9% |
| Jun 12, 2015 | Raise | $0.480 → $0.510 | +6.3% |
| Jun 13, 2014 | Raise | $0.450 → $0.480 | +6.7% |
| Jun 13, 2012 | Raise | $0.400 → $0.450 | +12.5% |
| Sep 13, 2011 | Cut | $0.750 → $0.400 | −46.7% |
Show all 14 changes since 2006
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 26, 2008 | Raise | $0.500 → $0.750 | +50.0% |
| Nov 29, 2006 | Raise | $0.250 → $0.500 | +100.0% |
Frequently Asked Questions
Is GRMN a good dividend stock?
Yes. Garmin Ltd. (GRMN) pays a quarterly dividend yielding 1.42% ($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.
Is GRMN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GRMN's fair value is about $189.12 versus a $295.40 share price — so it looks overvalued (-36% vs. fair value).
Is GRMN's dividend safe?
GRMN has a dividend-safety grade of A (84/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is GRMN's fair value?
Our blended fair-value estimate for GRMN is about $189.12 per share, about 36% below the current $295.40 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is GRMN a buy, hold, or sell?
We don't issue formal ratings, but on the data GRMN screens as "yes" and overvalued. Garmin Ltd. (GRMN) pays a quarterly dividend yielding 1.42% ($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. This is research for your own analysis, not investment advice.
Will GRMN cut its dividend?
GRMN earns a dividend-safety grade of A (84/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does GRMN pay a dividend?
Yes. Garmin Ltd. pays a quarterly dividend of about $4.20 per share annually, a forward yield of roughly 1.42%.
What is GRMN's dividend yield?
As of Oct 23, 2026, GRMN's forward dividend yield is 1.42%, based on a $4.20 annual dividend and a $295.40 share price.
What is GRMN's dividend per share?
As of Oct 23, 2026, GRMN pays $4.20 per share per year, distributed on a quarterly basis.
What is GRMN's dividend payout ratio?
As of Oct 23, 2026, GRMN's payout ratio is 39% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has GRMN grown its dividend?
As of Oct 23, 2026, GRMN has increased its dividend for 8 consecutive years.
When is the next GRMN ex-dividend date?
As of Oct 23, 2026, the next ex-dividend date on record for GRMN is Dec 11, 2026.
GRMN Price — Last 12 Months
Daily close
Price Return
1 Year
+50%
3 Years
+140%
5 Years
+120%
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 $189.12 per share, versus a market price of $295.40. That implies 36% of downside.
Fair Value
$189.12
Current Price
$295.40
Downside
-36%
Margin of Safety
-56%
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 18.2% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.4% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $9.69 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
Full GRMN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Sep 25, 2026 | $1.0500 | regular |
| Jun 15, 2026 | Jun 26, 2026 | $1.0500 | regular |
| Mar 13, 2026 | Mar 27, 2026 | $0.9000 | regular |
| Dec 12, 2025 | Dec 26, 2025 | $0.9000 | regular |
| Sep 12, 2025 | Sep 26, 2025 | $0.9000 | regular |
| Jun 16, 2025 | Jun 27, 2025 | $0.9000 | regular |
| Mar 14, 2025 | Mar 28, 2025 | $0.7500 | regular |
| Dec 13, 2024 | Dec 27, 2024 | $0.7500 | regular |
| Sep 13, 2024 | Sep 27, 2024 | $0.7500 | regular |
| Jun 17, 2024 | Jun 28, 2024 | $0.7500 | regular |
| Mar 14, 2024 | Mar 29, 2024 | $0.7300 | regular |
| Dec 14, 2023 | Dec 29, 2023 | $0.7300 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $0.7300 | regular |
| Jun 16, 2023 | Jun 30, 2023 | $0.7300 | regular |
Income Calculator
At $4.20 / yr per share
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