Garmin Announces $0.90 Dividend, Sustainable Earnings Coverage

Garmin (NYSE:GRMN) announced a $0.90 per share dividend, making the dividend yield 1.5%. The dividend is feasible, as projected earnings are expected to cover future distributions. The company has a stable dividend track record, with a growth rate of 6.5% over the past decade. EPS is forecast to expand by 17.5% over the next year, indicating a sustainable payout ratio of 36%.