Garmin Ltd Dividend yield

Garmin Ltd is part of Technology Hardware and Equip. business, which is part of Technology industry. Garmin Ltd is a company from USA, and his stocks are publicly traded.

Garmin Ltd stock dividend

Garmin Ltd paid a total dividend of 558 million USD last year, for a market value of 20,250 millions (Market Cap 16,258 millions). Garmin Ltd dividend per share is 2.92 USD, and his stock market price 106.02 USD.

According to the chart below, where dividend yield is displayed, Garmin Ltd has a dividend yield of 2.75%, which is lower than the amount offered by the market average , but bigger than Technology industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.

In addition, you should compare Garmin Ltd stocks dividend with other Technology Hardware and Equip. companies or other of the high USA dividend stocks list.

Garmin Ltd Dividend Payout

About the ability of Garmin Ltd to maintain his current dividend of USD 2.92 per share, an amount that accounts for 2.75%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Garmin Ltd payout on ernings is currently 54.78%, which is higher than the market average, and companies of Technology industry, which are 39.34% and 35.32% respectively. Both figures show that Garmin Ltd can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Garmin Ltd is USD 4.13 per share, which is higher than the dividend per share paid by the company of USD 2.92, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Garmin Ltd, compared againt world market average, USA companies, Technology industry and Technology Hardware and Equip. sector companies.

Garmin Ltd Dividend History

Below you will find a table with the historical evolution of Garmin Ltd's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	2.75%	2.92	54.78%	191
2022	3.16%	2.92	49.66%	193
2021	1.97%	2.68	49.36%	192
2020	2.04%	2.44	47.29%	191
2019	2.34%	2.28	59.53%	190
2018	3.35%	2.12	55.21%	189
2017	3.42%	2.04	70.83%	188
2016	3.91%	2.04	80.31%	190
2015	5.39%	2.04	100.49%	193

*In millions

Then you can see the evolution of Garmin Ltd dividend stock, and compare it with the average of USA stocks and that of the Technology Hardware and Equip. stocks.

Garmin Ltd Stock performance

Finally, last moth Garmin Ltd showed a return of 0.10% compared to a worldwide -2.49% average, and a -1.32% of Technology firms. Over the last year, the company obtained a 19.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Technology Hardware and Equip. firms.