Garmin® Confirms December 31 Dividend Payment

The Garmin Ltd. (Nasdaq: GRMN) board of directors has established December 31, 2020 as the payment date for the next dividend installment of $0.61 per share with a record date of December 15, 2020. At the 2020 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.44 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in four equal installments on dates to be determined by the Board in its discretion. The first and second payments were made on June 30, 2020 and September 30, 2020. The Board currently anticipates the scheduling of the remaining quarterly dividend installment as follows:... Read more

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