DividendJun 8, 2026, 05:01 PM
Garmin shareholders approve $4.20/share dividend; re-elect directors
AI Summary
Garmin Ltd. shareholders approved a cash dividend of $4.20 per outstanding share, payable in four equal installments of $1.05 each through March 2027. This approval occurred at the annual general meeting on June 5, 2026, where shareholders also approved the 2025 Annual Report, appropriation of available earnings, and discharged the Board and Executive Management from liability. Additionally, six directors, the Executive Chairman, and four Compensation Committee members were re-elected, and auditors were ratified.
Key Highlights
- Shareholders approved a cash dividend of $4.20 per share, payable in four equal installments of $1.05 each.
- The first $1.05 dividend installment is payable on June 26, 2026, to shareholders of record on June 15, 2026.
- Subsequent $1.05 installments are scheduled for September 25, 2026, December 24, 2026, and March 26, 2027.
- The 2025 Annual Report and appropriation of available earnings were approved by shareholders.
- Six directors, including Min H. Kao as Executive Chairman, were re-elected until the 2027 annual general meeting.
- Ernst & Young LLP was ratified as the Independent Registered Public Accounting Firm for fiscal year 2026.
- Advisory resolutions on Named Executive Officers' compensation and the Swiss Statutory Compensation Report were passed.
- The Board of Directors and Executive Management were discharged from liability for the fiscal year ended December 27, 2025.
Price Impact
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