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Garmin (BUE:GRMN) 3-Year Dividend Growth Rate : 6.80% (As of Mar. 2024)


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What is Garmin 3-Year Dividend Growth Rate?

Garmin's Dividends per Share for the three months ended in Mar. 2024 was ARS205.01.

The historical rank and industry rank for Garmin's 3-Year Dividend Growth Rate or its related term are showing as below:

BUE:GRMN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.5   Med: 7.25   Max: 44.2
Current: 6.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Garmin was 44.20% per year. The lowest was 1.50% per year. And the median was 7.25% per year.

BUE:GRMN's 3-Year Dividend Growth Rate is ranked worse than
65.11% of 897 companies
in the Hardware industry
Industry Median: 14.1 vs BUE:GRMN: 6.80

During the past 3 years, the average Dividends Per Share Growth Rate was 6.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Garmin's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.17. As of today, Garmin's Dividend Yield % is 0.82%.

Warning Sign:

Garmin Ltd stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Garmin's 3-Year Dividend Growth Rate

For the Scientific & Technical Instruments subindustry, Garmin's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Garmin's 3-Year Dividend Growth Rate Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Garmin's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Garmin's 3-Year Dividend Growth Rate falls into.



Garmin 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Garmin  (BUE:GRMN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Garmin's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=205.008/ 1196.354
=0.17

During the past 13 years, the highest Dividend Payout Ratio of Garmin was 1.00. The lowest was 0.14. And the median was 0.55.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Garmin Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2433332024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:ARS 842.500000
USD 0.2433332023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:ARS 361.000000
USD 0.2433332023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:ARS 349.950012
USD 0.2433332023-06-162023-06-202023-06-30Cash DividendquarterlyUSD:ARS 240.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Garmin's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=436.40557177/67810.00
=0.64 %

Current Share Price is ARS67810.00.
Garmin's Dividends per Share for the trailing twelve months (TTM) ended in Today is ARS436.40557177.

During the past 13 years, the highest Dividend Yield of Garmin was 6.18%. The lowest was 0.82%. And the median was 3.15%.

Warning Sign:

Garmin Ltd stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Garmin 3-Year Dividend Growth Rate Related Terms>


Garmin (BUE:GRMN) Business Description

Industry
Traded in Other Exchanges
Address
Muhlentalstrasse 2, Schaffhausen, CHE, 8200
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Garmin (BUE:GRMN) Headlines

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