Garmin (GRMN) Dividend History & Yield
Dividend ChallengerGarmin (GRMN) has increased its dividend for 9 consecutive years and currently yields 1.52%. The most recent dividend was $0.9000/share on Mar 27, 2026, paid Quarterly.
GRMN
Current Yield
1.52%
TTM Dividend/Share
$3.60
Payment Frequency
Quarterly
Payout Ratio
40.1%
Consecutive Growth Years
9 (Dividend Challenger)
Div Growth (1Y CAGR)
15.77%
Div Growth (5Y CAGR)
7.53%
Div Growth (10Y CAGR)
5.55%
GRMN: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.0%
FCF payout ratio
12.0%
Net debt / EBITDA
-0.9x
Interest coverage
0.00x
ROIC (TTM)
19.6%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 40.1%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($7.08) covers dividend/share ($3.60).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 9 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 12.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -0.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.5%) exceeds EPS growth (5.2%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 12, 2027
- Payment date
- Mar 26, 2027
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Dec 11, 2026
- Payment date
- Dec 24, 2026
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Sep 11, 2026
- Payment date
- Sep 25, 2026
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Jun 15, 2026
- Payment date
- Jun 26, 2026
- Dividend
- $1.0500
- Adj. dividend
- $1.0500
Ex-date Mar 13, 2026
- Payment date
- Mar 27, 2026
- Dividend
- $0.9000
- Adj. dividend
- $0.9000
Ex-date Dec 12, 2025
- Payment date
- Dec 26, 2025
- Dividend
- $0.9000
- Adj. dividend
- $0.9000
Ex-date Sep 12, 2025
- Payment date
- Sep 26, 2025
- Dividend
- $0.9000
- Adj. dividend
- $0.9000
Ex-date Jun 16, 2025
- Payment date
- Jun 27, 2025
- Dividend
- $0.9000
- Adj. dividend
- $0.9000
Ex-date Mar 14, 2025
- Payment date
- Mar 28, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Dec 13, 2024
- Payment date
- Dec 27, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Sep 13, 2024
- Payment date
- Sep 27, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Jun 17, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 12, 2027 | Mar 26, 2027 | $1.0500 | $1.0500 |
| Dec 11, 2026 | Dec 24, 2026 | $1.0500 | $1.0500 |
| Sep 11, 2026 | Sep 25, 2026 | $1.0500 | $1.0500 |
| Jun 15, 2026 | Jun 26, 2026 | $1.0500 | $1.0500 |
| Mar 13, 2026 | Mar 27, 2026 | $0.9000 | $0.9000 |
| Dec 12, 2025 | Dec 26, 2025 | $0.9000 | $0.9000 |
| Sep 12, 2025 | Sep 26, 2025 | $0.9000 | $0.9000 |
| Jun 16, 2025 | Jun 27, 2025 | $0.9000 | $0.9000 |
| Mar 14, 2025 | Mar 28, 2025 | $0.7500 | $0.7500 |
| Dec 13, 2024 | Dec 27, 2024 | $0.7500 | $0.7500 |
| Sep 13, 2024 | Sep 27, 2024 | $0.7500 | $0.7500 |
| Jun 17, 2024 | Jun 28, 2024 | $0.7500 | $0.7500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Garmin has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 9 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.4500 | — | — |
| 2025 | $2.9800 | $3.4500 | +15.8% |
| 2024 | $2.9200 | $2.9800 | +2.1% |
| 2023 | $2.8600 | $2.9200 | +2.1% |
| 2022 | $2.6200 | $2.8600 | +9.2% |
| 2021 | $2.4000 | $2.6200 | +9.2% |
| 2020 | $2.2400 | $2.4000 | +7.1% |
| 2019 | $2.1000 | $2.2400 | +6.7% |
| 2018 | $2.0400 | $2.1000 | +2.9% |
| 2017 | $2.0400 | $2.0400 | 0.0% |
| 2016 | $2.0100 | $2.0400 | +1.5% |
| 2015 | $1.8900 | $2.0100 | +6.3% |
| 2014 | $1.8000 | $1.8900 | +5.0% |
| 2013 | $1.7500 | $1.8000 | +2.9% |
| 2012 | — | $1.7500 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Garmin (GRMN) from the consolidated cash flow statement, in USD as filed.
Latest period
$692.96M
YoY change
+16.0%
5Y CAGR
+8.1%
Peak year (2022)
$679.10M
Latest annual
$663.88M
Cash dividends paid over time for Garmin (GRMN)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Garmin (GRMN)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $663.88M | +16.0% | +$91.53M | ||
| 2024 | $572.36M | +2.4% | +$13.59M | ||
| 2023 | $558.77M | -17.7% | -$120.33M | ||
| 2022 | $679.10M | +38.2% | +$187.64M | ||
| 2021 | $491.46M | +9.1% | +$40.83M | ||
| 2020 | $450.63M | +8.0% | +$33.37M | ||
| 2019 | $417.26M | +40.9% | +$121.12M | ||
| 2018 | $296.15M | -22.7% | -$86.83M | ||
| 2017 | $382.98M | -20.5% | -$98.48M | ||
| 2016 | $481.45M | +27.3% | +$103.33M | ||
| 2015 | $378.12M | +5.0% | +$18.04M | ||
| 2014 | $360.07M | +2.4% | +$8.37M | ||
| 2013 | $351.71M | +38.8% | +$98.32M | ||
| 2012 | $253.39M | -18.5% | -$57.38M | ||
| 2011 | $310.76M | +4.0% | +$11.91M | ||
| 2010 | $298.85M | +99.4% | +$149.01M | ||
| 2009 | $149.85M | -0.3% | -$405,000 | ||
| 2008 | $150.25M | -7.6% | -$12.28M | ||
| 2007 | $162.53M | +50.6% | +$54.61M | ||
| 2006 | $107.92M | +100.0% | +$53.95M | ||
| 2005 | $53.97M | -0.2% | -$121,000 | ||
| 2004 | $54.09M | +0.1% | +$55,000 | ||
| 2003 | $54.04M | — | +$54.04M | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | -100.0% | -$28.95M | ||
| 2000 | $28.95M | +284.5% | +$21.42M | ||
| 1999 | $7.53M | — | — |
As of the 2025 fiscal year, Garmin (GRMN) reported dividends paid of $663.88M – grew 16.0% year-over-year.
Across 2020–2025 (5 years), Garmin dividends paid produced a CAGR of +8.1% – sustaining 2 straight years of year-over-year growth.
Garmin dividends paid peaked at $679.10M in 2022; the latest annual figure is $663.88M in 2025 (2.2% below peak).
The highest annual dividends paid of $679.10M was reported in 2022. The lowest in the available history was $0 in 2001.
Within Technology, Garmin (GRMN) ranks 7th among 8 peers we track. The peer median for dividends paid is $6.80B.
Garmin Dividends Paid 2025: $663.88M
Garmin dividends paid in 2025 was $663.88M, grew 16.0% from 2024.
Garmin Dividends Paid 2024: $572.36M
Garmin dividends paid in 2024 was $572.36M, edged up 2.4% from 2023.
Garmin Dividends Paid 2023: $558.77M
Garmin dividends paid in 2023 was $558.77M, declined 17.7% below 2022.
Garmin Dividends Paid 2022: $679.10M
Garmin dividends paid in 2022 was $679.10M, surged 38.2% from 2021. This figure represents the highest annual value in the available history.
Garmin Dividends Paid 2021: $491.46M
Garmin dividends paid in 2021 was $491.46M.
See more financial history for Garmin (GRMN).
Sector peers by dividends paid
Companies in the same sector as Garmin, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| TSMC (TSM) | $471.61B | Technology |
| Microsoft (MSFT) | $24.08B | Technology |
| Apple (AAPL) | $15.42B | Technology |
| Broadcom (AVGO) | $11.14B | Technology |
| ASML (ASML) | $2.45B | Technology |
| NVIDIA (NVDA) | $974.00M | Technology |
| Micron Technology (MU) | $522.00M | Technology |
| AMD (AMD) | $0 | Technology |
Frequently asked questions
Does Garmin pay dividends?
Yes, Garmin (GRMN) pays quarterly dividends of approximately $3.60 per share annually, yielding 1.52%.
What is Garmin's dividend yield?
Garmin (GRMN) has a current dividend yield of 1.52%.
Is Garmin's dividend safe?
Garmin (GRMN) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Garmin increased its dividend?
Garmin (GRMN) has 9 consecutive years of dividend increases.
What is Garmin's dividend payout ratio?
Garmin (GRMN) has a dividend payout ratio of 40.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Garmin's dividends paid?
Latest reported dividends paid for Garmin (GRMN) is $692.96M (period ending March 28, 2026).
How has Garmin dividends paid changed year-over-year?
Garmin (GRMN) dividends paid changed +16.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin dividends paid?
Garmin (GRMN) dividends paid compound annual growth rate is +8.1% over the most recent 5 years available.
When did Garmin dividends paid hit its highest annual value?
Garmin dividends paid reached its highest annual value of $679.10M in 2022.
What was Garmin dividends paid in 2024?
Garmin (GRMN) dividends paid in 2024 was $572.36M.
What was Garmin dividends paid in 2025?
Garmin (GRMN) dividends paid in 2025 was $663.88M.
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