The Garmin Ltd. (Nasdaq: GRMN) board of directors has established December 31, 2013 as the payment date for the next dividend installment of $0.45 per share with a record date of December 16, 2013, per the approval previously provided at the 2013 annual shareholders’ meeting. At the 2013 annual meeting Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $1.80 per share (subject to possible adjustment based on the total amount of the dividend in Swiss Francs), payable in four equal installments on dates to be determined by the board in its discretion. The first and second payments were made on June 28, 2013 and September 30, 2013, respectively. The board currently anticipates the scheduling of the remaining quarterly dividends as follows:
|Dividend Date||Record Date||$'s per share|
|March 31, 2014||March 17, 2014||$0.45|
About Garmin Ltd.
The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, fitness, marine, aviation, and OEM applications. A member of the S&P 500 Index, Garmin Ltd. is incorporated in Schaffhausen, Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200.
Notice on Forward‐Looking Statements:This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company’s estimated earnings and revenue for fiscal 2013, the company’s expected segment revenue growth rate, margins, new products to be introduced and the company’s plans and objectives are forward-looking statements. 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 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 29, 2012 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.
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