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SCHAFFHAUSEN, Switzerland – Garmin Ltd. (NYSE: GRMN), a global leader in satellite navigation with a market capitalization of $39.92 billion, announced today at its annual shareholders’ meeting that its Board of Directors has approved a cash dividend of $3.60 per share for the year, representing a 1.75% yield. The dividend will be paid in four equal installments, with the first payment scheduled for June 27, 2025, to shareholders of record as of June 16, 2025. According to InvestingPro, Garmin has maintained dividend payments for 23 consecutive years and raised them for the past 8 years.
The company has planned the subsequent quarterly dividend installments for September 26, 2025, December 26, 2025, and March 27, 2026, with record dates set for September 12, 2025, December 12, 2025, and March 13, 2026, respectively. Each installment will distribute $0.90 per share to its shareholders.
Garmin is known for its innovative products that are designed for a variety of active lifestyles, including aviation, automotive, fitness, marine, and outdoor activities. The company aims to support its customers in their pursuit of passions and consistently seeks to provide new solutions that improve their experiences. With impressive gross profit margins of 58.59% and revenue growth of 18.08% over the last twelve months, Garmin demonstrates strong operational efficiency. InvestingPro analysis shows the company maintains excellent financial health with an overall score of 3.09/5, offering investors detailed insights through comprehensive Pro Research Reports available for over 1,400 US stocks.
This press release contains forward-looking statements based on management’s current expectations, which are subject to risks and uncertainties that could cause actual results to differ materially. These risk factors and uncertainties are detailed in Garmin’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 28, 2024, and its Quarterly Report on Form 10-Q for the quarter ended March 29, 2025. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading above its estimated Fair Value.
The information regarding dividend payments is based on a press release statement from Garmin Ltd. and reflects the company’s current dividend policy as approved by its shareholders. Investors are reminded that forward-looking statements are not guarantees of future performance and actual events or results may differ significantly.
In other recent news, Garmin Ltd. reported its first-quarter earnings, which fell short of analyst expectations. The company announced an adjusted earnings per share of $1.61, missing the consensus estimate of $1.64. However, Garmin’s revenue for the quarter was $1.54 billion, exceeding the expected $1.51 billion and reflecting an 11% year-over-year growth. For the full year 2025, Garmin projects earnings per share of $7.80, which is below the anticipated $7.92 by Wall Street, but it expects revenue to reach $6.85 billion, slightly above the $6.83 billion estimate. The outdoor segment showed a strong performance with a 20% increase in revenue, while the marine segment experienced a 2% decline. Despite the earnings miss, Garmin maintained its full-year EPS guidance based on expected margins. These developments highlight the company’s mixed performance in different segments. Garmin’s CEO, Cliff Pemble, expressed optimism due to the company’s diversified business model amidst global trade uncertainties.
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