Garmin® Confirms September 30 Dividend Payment
September 01 2016 - 10:38AM
Business Wire
The Garmin Ltd. (NASDAQ: GRMN) board of directors has
established September 30, 2016 as the payment date for the next
dividend installment of $0.51 per share with a record date of
September 15, 2016, per the approval previously provided at the
2016 annual shareholders’ meeting. At the 2016 annual meeting,
Garmin shareholders, in accordance with Swiss corporate law,
approved a cash dividend in the total amount of $2.04 per share
(subject to possible adjustment based on the total amount of the
dividend in Swiss Francs), payable in four equal installments on
dates to be determined by the board in its discretion. The first
payment was made on June 30, 2016. The board currently anticipates
the scheduling of the remaining quarterly dividend installments as
follows:
Dividend
Date
Record
Date
$s per
share
December 30, 2016 December 14, 2016 $0.51 March 31,
2017 March 15, 2017 $0.51
About Garmin Ltd.
For more than 25 years, Garmin has pioneered new GPS navigation
and wireless devices and applications that are designed for people
who live an active lifestyle. Garmin serves five primary business
units, including automotive, aviation, fitness, marine, and
outdoor. For more information, visit Garmin's virtual pressroom at
garmin.com/newsroom, contact the Media Relations department at
913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin, or youtube.com/garmin.
Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the
United Kingdom. Garmin is a registered trademark of Garmin Ltd.
Notice on Forward‐Looking Statements:
This release includes projections and other 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 known and
unknown risk factors and uncertainties affecting Garmin, including,
but not limited to, the risk factors listed in the Annual Report on
Form 10-K for the year ended December 26, 2015, filed by Garmin
with the Securities and Exchange Commission (Commission file number
0-31983). A copy of such Form 10-K is available at
http://www.garmin.com/aboutGarmin/invRelations/finReports.html. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160901005988/en/
Garmin Ltd.Investor Relations Contact:Teri Seck,
913-397-8200investor.relations@garmin.comorMedia Relations
Contact:Ted Gartner, 913-397-8200media.relations@garmin.com
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