Garmin® confirms September 30 dividend payment
August 28 2020 - 07:00AM
Business Wire
The Garmin Ltd. (NASDAQ: GRMN) board of directors has
established September 30, 2020 as the payment date for the next
dividend installment of $0.61 per share with a record date of
September 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 payment was made on June 30, 2020. The Board
currently anticipates the scheduling of the remaining quarterly
dividend installments as follows:
Dividend
Date
Record
Date
$s per
share
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 June 27, 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 Q2 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/20200828005017/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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