The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 30, 2016 as the payment date for the next dividend installment of $0.51 per share with a record date of December 14, 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 and second payments were made on June 30, 2016 and September 30, 2016, respectively. The board currently anticipates the scheduling of the remaining quarterly dividend installment as follows:
$s per share
March 31, 2017
March 15, 2017
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.