Garmin® shareholders approve quarterly dividend through March 2021 & Garmin announces record date & payment date for June 20...
June 05 2020 - 2:41PM
Business Wire
At Garmin Ltd.’s (Nasdaq: GRMN) annual shareholders’ meeting
held today, approval was received from the shareholders in
accordance with Swiss corporate law for a cash dividend in the
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. The Board has determined that the June
installment of the dividend will be paid as indicated below and
currently anticipates the scheduling of the remaining quarterly
dividends as follows:
Dividend
Date
Record
Date
$s per
share
June 30, 2020
June 15, 2020
$0.61
September 30, 2020
September 15, 2020
$0.61
December 31, 2020
December 15, 2020
$0.61
March 31, 2021
March 15, 2021
$0.61
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 markets,
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,
instagram.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 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 risk factors and
uncertainties affecting Garmin, including, but not limited to, the
risk factors that are described in both the Annual Report on Form
10-K for the year ended December 28, 2019 and the Quarterly Report
on Form 10-Q for the quarter ended March 28, 2020 filed by Garmin
with the Securities and Exchange Commission (Commission file number
0-31983). A copy of Garmin’s 2019 Form 10-K and the Q1 2020 Form
10-Q can be downloaded from
https://www.garmin.com/en-US/investors/sec/. 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.
Category: Corporate
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version on businesswire.com: https://www.businesswire.com/news/home/20200605005467/en/
Investor Relations
Contact: Teri Seck
913/397-8200 investor.relations@garmin.com
Media Relations
Contact: Carly
Hysell 913/397-8200
media.relations@garmin.com
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