Latest news with #GarminLtd
Yahoo
2 days ago
- Business
- Yahoo
Garmin shareholders approve quarterly dividend through March 2026
Company announces record date and payment date for June 2025 dividend installment SCHAFFHAUSEN, Switzerland, June 6, 2025 /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $3.60 per share, payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates the scheduling of the remaining quarterly dividend installments as follows: Dividend Payment Date Record Date Dividend Per Share June 27, 2025 June 16, 2025 $0.90 September 26, 2025 September 12 2025 $0.90 December 26, 2025 December 12, 2025 $0.90 March 27, 2026 March 13, 2026 $0.90 About Garmin Ltd: Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor markets. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual Newsroom, email our press team, or follow us on LinkedIn. Notice on Forward-Looking Statements: This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 28, 2024 and the Quarterly Report on Form 10-Q for the quarter ended March 29, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2024 Form 10-K and the Q1 2025 Form 10-Q can be downloaded from No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Investor Relations Contact: Corporate Communications Contact: Teri Seck Krista Klaus 913/397-8200 913/397-8200 View original content to download multimedia: SOURCE Garmin Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Investors in Garmin (NYSE:GRMN) have seen impressive returns of 149% over the past five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of Garmin Ltd. (NYSE:GRMN) stock is up an impressive 122% over the last five years. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, Garmin managed to grow its earnings per share at 8.3% a year. This EPS growth is slower than the share price growth of 17% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Garmin's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Garmin's TSR for the last 5 years was 149%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that Garmin shareholders have received a total shareholder return of 29% over one year. And that does include the dividend. That's better than the annualised return of 20% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Garmin that you should be aware of. We will like Garmin better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
Garmin Ltd. (NYSE:GRMN) will increase its dividend on the 27th of June to $0.90, which is 20% higher than last year's payment from the same period of $0.75. This makes the dividend yield about the same as the industry average at 1.5%. We've discovered 1 warning sign about Garmin. View them for free. We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. However, Garmin's earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 29.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 33%, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for Garmin The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $1.92 in 2015 to the most recent total annual payment of $3.00. This implies that the company grew its distributions at a yearly rate of about 4.6% over that duration. Dividends have grown relatively slowly, which is not great, but some investors may value the relative consistency of the dividend. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that Garmin has been growing its earnings per share at 8.3% a year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 1 warning sign for Garmin that investors should take into consideration. Is Garmin not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Globe and Mail
07-04-2025
- Business
- Globe and Mail
Sports Technology Market worth $68.70 Billion by 2030, at a CAGR of 14.9%
"Sports Technology Market" The Global Sports Technology Market is expected to be valued at USD 34.25 billion in 2025 and is projected to reach USD 68.70 billion by 2030; it is expected to grow at a CAGR of 14.9% from 2025 to 2030. According to the new market research report " Sports Technology Market by Technology (Wearable, AR/VR, Smart Stadium, Sports & Stadium Analytics, Sports Camera, Building Automation, Smart Equipment, Smart Clothing, Crowd Management), Solution (AI-based, Conventional) - Global Forecast to 2030" The global sports technology market is expected to be valued at USD 34.25 billion in 2025 and is projected to reach USD 68.70 billion by 2030; it is expected to grow at a CAGR of 14.9% from 2025 to 2030. The market for sports technology is rich in opportunities across the burgeoning use of AI, IoT, and big data across performance analysis, fan interaction, and sport management. Smart wearables, virtual and augmented reality, and AI-based coaching solutions are revolutionizing training and game plans for athletes. Download PDF Brochure @ Wristwear in wearables to hold high market share in the technology segment in the sports technology market. Wristwear like smartwatches and fitness trackers are a prominent wearable technology, which combines timekeeping with enhanced connectivity features. With wireless and Bluetooth integration, they expand the functionality of smartphones, allowing people to receive calls, read messages, get weather forecasts, and control media. Market leaders such as Fitbit Inc. (US) and Apple Inc. (US) included top-level health sensors in their offerings, so users can measure important health variables such as heart rate, burnt calories, and walked steps. As they play an increasingly key role in contactless payments, smartwatches include NFC and RFID chips that allow transactions by barcode and QR code scanning. Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Sony Corporation (Japan), and Garmin Ltd. (US) are key players in the market, leading innovation and accessibility. Apple Inc. (US) released the Apple Watch Series 10 in September 2024, with an improved design, a sophisticated display, and new features such as sleep apnea alerts, quicker charging, and water depth sensing. The watch, which comes in aluminum and titanium finishes, uses the S10 SIP for greater performance and efficiency. In July 2024, Samsung Electronics (South Korea) also launched the Galaxy Watch Ultra, Watch7, and Watch FE series, which use Wear OS 5. These trackers use sensors such as accelerometers and optical heart rate sensors to gather real-time data. They also have compatibility with mobile phone apps such that the user can monitor progress and define fitness objectives. Google Inc. (US), Garmin Ltd. (US), and Apple Inc. (US) regulate the fitness trackers market through their advanced product offerings. Xiaomi Corp. (China) controls the affordable fitness wearables market, and Samsung Electronics (South Korea) offers fitness functionalities within its series of smartwatches. AI-based segment is projected to grow at a high CAGR of sports technology market during the forecast period. Solutions powered by AI are transforming training for athletes through machine learning and predictive analytics to evaluate biomechanics, track fatigue levels, and create injury prevention programs. Such systems process huge sets of player information, giving the coaches valuable inputs to make finer game strategies, better decision-making, and performance as a unit. AI also revolutionizes sport broadcasting and supporter interaction through serving hyper-personalized content, automated highlights, and interactive interactions. AI-camera systems monitor movement of players and maximize live steaming angles using AI, with computer vision utilized for automatic annotation of highlights of the action, instant replay production. Apart from these, AI chatbots and virtual assistants enrich fans' interactions by offering them timely updates, statistics of the players, and game insights as per their interest. Increased uptake of AI at smart stadiums further fuels the growth of the market, with the use of AI-based solutions improving security, managing crowds, and cashless transactions. The uses of AI for esports and training in virtual sports are also spreading, with solutions providing AI-fabricated simulation and feedback during play. With the continued growth in AI, its application in different aspects of sports technology will fuel innovation, improve competitive performance, and reshape the digital transformation. Soccer in the sports technology market to hold the highest market share during the forecast period. Soccer will be expected to possess the largest market share in the Sports Technology Industry during the forecast period owing to its immense global fan base, increasing investments in digital transformation, and implementation of advanced analytics and wearable technologies. As the world's favorite sport to watch and play, soccer clubs and associations are adopting the latest technologies to enhance the performance of players, simplify game strategy, and provide a better experience for fans. Artificial intelligence-powered video analysis and computer vision technologies are transforming match analysis so that coaches can analyze player position, ball tracking, and tactics with unprecedented accuracy. Wearable devices like GPS and biometric sensors are fast becoming a prerequisite for tracking the health, workload, and prevention of injuries for players. Increasingly, national teams and clubs are using them to track endurance, acceleration, and fatigue, optimizing player performance and recovery control. Improvements in smart stadium and digital broadcasting technology are also enhancing the fan experience, as AI cameras, AR/VR applications, and fan engagement platforms enhance the viewing experience. Sports associations end-user to hold high market share during the forecast period. Sports associations play a crucial role in deciding the evolution, regulation, and promotion of sports at regional and international levels. Sporting associations govern sport regulations, schedule matches, and control the welfare of players. With technology constantly innovating the sporting industry, collaboration between technology firms. Sports associations are increasing, which is generating high-speed innovation in player performance, team administration, and interaction with fans. National authorities, e.g., BCCI in cricket or FIFA for football, are now more often adopting advanced technologies to advance playing strategies, streamline officiating for higher accuracy, and enhance the overall efficiency of operations. Among the dominant sectors of integration is performance analysis, where data platforms based on artificial intelligence and wearable tracking hardware are assisting squads to track movements of players, biomechanics, and areas of injury in real time. Furthermore, the partnerships between sports leagues and technology companies are driving data-led decision-making, enabling leagues and teams to maximize recruitment activity, marketing activity, and sponsorships. With ongoing partnerships, sport technology will be a key element in the growth of the industry, generating competitive advantages and wealthier international sport experiences. Asia Pacific will account for the highest CAGR during the forecast period. Asia Pacific will record the highest CAGR in the sports technology market throughout the forecast period, led by accelerating digital transformation, growing sports infrastructure investments, and growing use of advanced analytics, AI, and IoT-based solutions. China, India, Japan, and South Korea are among the nations that are experiencing tremendous growth in professional sports leagues, and consequently, there is a high demand for performance-enhancing technologies, intelligent stadiums, and interactive fan engagement solutions. Governments and private organizations are making heavy investments in sports technology to enhance training methodologies, increase athlete performance, and enhance the overall sports ecosystem. The surge in popularity of wearable technology and intelligent fitness solutions is also driving market growth in the region. Athletes and sports enthusiasts are adopting AI-powered wearables to track performance in real-time, biometrics, and avoid injuries. The explosive growth of virtual sports and esports platforms is creating new revenue streams, with the Asia Pacific region emerging as a global hub for competitive gaming and virtual sports experience. The deployment of 5G networks and developments in cloud computing are also enabling seamless processing of real-time data, further strengthening the capability of AI-based sports analytics. As sports authorities, technology companies, and broadcasters collaborate to create future-ready solutions, the Asia Pacific market for sports technology will witness massive growth, turning the region into a center for sports innovation in the world. Key Players Key Players operating in the Sports Technology Companies Apple Inc. (US), SAMSUNG (South Korea), Alphabet Inc. (US), Cisco Systems, Inc. (US), IBM (US), Telefonaktiebolaget LM Ericsson (Sweden), Catapult (Australia), Garmin Ltd. (US), Johnson Controls (Ireland), and Schneider Electric (France) among others. 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