GRMN GARMIN LTD
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.
Actionable Insight
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.
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
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
5d ago
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Insider Cluster
| $236.63 awaiting T+20 | awaiting T+20 | — | $238.10 (+0.62%) |
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Jun 9, 2026
5d ago
|
Insider Cluster
| $236.63 awaiting T+20 | awaiting T+20 | — | $238.10 (+0.62%) |
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Jun 9, 2026
5d ago
|
Insider Cluster
| $236.17 awaiting T+20 | awaiting T+20 | — | $238.10 (+0.82%) |
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Jun 8, 2026
6d ago
|
8-K
| $235.25 awaiting T+20 | awaiting T+20 | — | $238.10 (+1.21%) |
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Apr 22, 2026
7w ago
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DEFA14A
| $266.59 $228.69 | ▼ −14.22% | ▼ −17.38% | $238.10 (−10.69%) |
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Feb 26, 2026
15w ago
|
Insider Cluster
| $253.19 $236.07 | ▼ −6.76% | ▼ −0.36% | $238.10 (−5.96%) |
US Market Status
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