The dividend approval and schedule are routine and fully anticipated. No surprise or change from the previously disclosed plan. Monitor the next quarterly earnings release for any guidance revision or change in capital allocation strategy.
Price Chart
Executive Summary
Garmin held its annual general meeting on June 5, 2026, where shareholders approved all 14 proposals, including the re-election of directors, ratification of auditors, and an advisory vote on executive compensation. The key financial event was the approval of a $4.20 per share cash dividend, payable in four equal quarterly installments of $1.05 through March 2027, with the first installment scheduled for June 26, 2026.
Key Facts
- Shareholders approved a $4.20 per share cash dividend, payable in four equal installments of $1.05 each.
- First dividend installment of $1.05 payable on June 26, 2026 to shareholders of record on June 15, 2026.
- Remaining installments scheduled for September 25, 2026, December 24, 2026, and March 26, 2027.
- All 14 shareholder proposals were approved, including re-election of six directors and ratification of Ernst & Young as auditor.
- Director Jonathan C. Burrell received 12.6 million against votes (9.0% of votes cast), the highest opposition among directors.
- Director Joseph J. Hartnett received 19.1 million against votes (13.7% of votes cast), also notable opposition.
- The discharge of Board and Management from liability passed with 99.0 million for, 1.1 million against, and 22.4 million abstentions.
- Advisory resolution on executive compensation passed with 133.1 million for and 6.5 million against.
Financial Impact
Total dividend of $4.20 per share, approximately $700M+ based on ~167M shares outstanding, paid over four quarters.
Risk Factors
- Elevated against votes for directors Burrell and Hartnett may signal governance concerns among some shareholders.
- Dividend sustainability depends on continued free cash flow generation; any deterioration in earnings could pressure future payouts.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-261987 |
| Document: grmn-ex99_1.htm | 0001193125-26-261987 |
| Document: 0001193125-26-261987-index-headers.html | 0001193125-26-261987 |
| Document: 0001193125-26-261987-index.html | 0001193125-26-261987 |
| Document: 0001193125-26-261987.txt | 0001193125-26-261987 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 29, 2026 9w ago | 8-K | $294.83 $289.02 | ▼ −1.97% | ▼ −6.99% | $281.16 (−4.64%) |
Jul 23, 2026 10w ago | Press Release | $240.10 $293.09 | ▲ +22.07% | ▲ +18.76% | $281.16 (+17.10%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 8, 2026 16w ago | 8-K | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Apr 22, 2026 23w ago | DEFA14A | $266.59 $228.69 | ▼ −14.22% | ▼ −17.38% | $281.16 (+5.47%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access