Garmin Ltd. Recommends Second, Third and Fourth Installments Cash Dividend, Payable on September 27, 2024, December 27, 2024 and March 28, 2025
February 21, 2024 at 07:00 am EST
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The Board of Directors of Garmin Ltd. intended recommend to the shareholders for approval at the annual meeting to be held on June 7, 2024, a cash dividend in the amount of $3.00 per share, payable in four equal installments on dates to be determined by the Board. The Board currently anticipates the scheduling of the dividend in second, third and fourth installments as follows: Dividend Per Share is $0.75. Record Dates are September 13, 2024, December 13, 2024 and March 14, 2025.
Dividend dates are September 27, 2024, December 27, 2024 and March 28, 2025.
Garmin Ltd. is one of the world's leaders in designing, producing, and marketing satellite geopositioning systems (GPS). The activity is organized around two families of products:
- marine and land geopositioning systems: tracers and sensors, pocket assistants, automobile guidance systems, sporting equipment (equipped with detectors for speed, distance traveled, heart rate, etc.);
- aerial geopositioning equipment: high-frequency communication transmitters, aerial display products, digital transponders (for transmitting altitude and flight number, broadcast by towers and control radar systems), beacon receivers, audio panels, etc.
Net sales break down by area of activity between outdoor activities (32.5%), sports and fitness (25.7%), marine (17.5%), aviation (16.2%), and automotive (8.1%).
At the end of 2023, the group had 9 production sites located in the United States (3), Taiwan (3), China, the Netherlands, and Poland.
Net sales are distributed geographically as follows: Americas (50%), Europe/Middle East/Africa (34%) and Asia/Pacific (16%).
GARMIN LTD. 
