Garmin's Board Recommends Raising Annual Dividend By 2.7% To $3.00 Per Share, Payable In 4 Installments of $0.75 Each
Portfolio Pulse from Benzinga Newsdesk
Garmin's Board of Directors plans to recommend a 2.7% increase in the annual dividend to $3.00 per share, payable in four $0.75 installments, with specific dates provided for each payment. The recommendation will be presented for shareholder approval at the annual meeting on June 7, 2024.
February 21, 2024 | 12:09 pm
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Garmin's Board recommends increasing the annual dividend by 2.7% to $3.00 per share, with payments in four $0.75 installments.
Increasing dividends is generally viewed positively by the market as it signals confidence in the company's financial health and future prospects. Garmin's decision to raise its dividend could attract income-focused investors and potentially boost the stock price in the short term. The specific details and dates provided for the dividend payments add clarity and could further reassure investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100