Garmin Dividend Announcement: Key Details Before Ex-Dividend Date on Jun 16, 2025

Garmin (GRMN) has announced a dividend of $0.900 per share, with an ex-dividend date set for Jun 16, 2025, and a payment date of Jun 27, 2025. This marks an increase compared to the average dividend per share of $0.727 over the last ten distributions. The previous dividend, paid on Mar 28, 2025, was $0.750 per share. Both dividends are classified as cash dividends. This recent announcement reflects Garmin's continued commitment to returning value to its shareholders.

Over the past week, Garmin has been at the forefront of significant developments. Recently, the company introduced the Venu X1 smartwatch, setting new benchmarks in the wearable technology sector with its innovative ultrathin design and state-of-the-art 2-inch AMOLED display. This launch has stirred interest among tech enthusiasts and investors, given Garmin's reputation for quality in the smartwatch industry.

Furthermore, Garmin has unveiled the GPSMAP 15x3 chartplotter, a cutting-edge addition to its marine electronics lineup. This device features a 15-inch ultrawide premium display, enhancing user experience for marine navigation. Analysts indicated that these product launches could bolster Garmin's growth prospects, aligning with the company's strategy to expand its footprint across various sectors, including marine and aviation.

Since the last update, Garmin's stock has experienced fluctuations. On the day of the Venu X1 and GPSMAP 15x3 announcements, Jun 12, 2025, Garmin's stock price closed at $209.13, showing a slight decline of 0.47% and further trading lower after hours at $208.51. These movements reflect the market's response to Garmin's recent product introductions and financial performance.

In conclusion, Garmin is poised for growth with its latest product innovations and dividend announcement. Investors should note that Jun 16, 2025, is the last day to purchase Garmin shares to qualify for the upcoming dividend. Post this date, any stock acquisition will not entitle the investor to receive the declared dividend.