Garmin® confirms December 31 dividend payment
December 03 2018 - 3:56PM
Business Wire
The Garmin Ltd. (NASDAQ: GRMN) board of directors has
established December 31, 2018 as the payment date for the next
dividend installment of $0.53 per share with a record date of
December 14, 2018. At the 2018 annual shareholders’ meeting, Garmin
shareholders, in accordance with Swiss corporate law, approved a
cash dividend in the total amount of $2.12 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 29, 2018 and September 28, 2018,
respectively. The Board currently anticipates the scheduling of the
remaining quarterly dividend installments as follows:
Dividend Date
Record Date
$s per share March 29, 2019 March 15,
2019 $0.53
About Garmin Ltd: For decades, Garmin has pioneered new
GPS navigation and wireless devices and applications that are
designed for people who live an active lifestyle. Garmin serves
five primary business units, including automotive, aviation,
fitness, marine, and outdoor recreation. For more information,
visit Garmin's virtual pressroom at garmin.com/newsroom, contact
the Media Relations department at 913-397-8200, or follow us
at facebook.com/garmin, twitter.com/garmin,
or youtube.com/garmin.
Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the
United Kingdom. Garmin is a registered trademark of Garmin Ltd.
Notice on Forward-Looking Statements: This release
includes projections and other forward-looking statements regarding
Garmin Ltd. and its business. Such statements are based on
management’s current expectations. The forward-looking events and
circumstances discussed in this release may not occur and actual
results could differ materially as a result of known and unknown
risk factors and uncertainties affecting Garmin, including, but not
limited to, the risk factors listed in the Annual Report on Form
10-K for the year ended December 30, 2017, filed by Garmin with the
Securities and Exchange Commission (Commission file number
0-31983). A copy of such Form 10-K is available at
https://www8.garmin.com/aboutGarmin/invRelations/reports/2017_Annual_Report.pdf.
No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and
Garmin undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005951/en/
GarminInvestor Relations Contact:Teri
Seck913/397-8200investor.relations@garmin.comorMedia Relations
Contact:Carly Hysell913/397-8200media.relations@garmin.com
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