As per Garmin Ltd. (NASDAQ:GRMN)’s news release on 2016-06-14, its shareholders will get cash dividend of $0.51 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-09-30, respectively.
The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Garmin Ltd. (NASDAQ:GRMN) disbursed $0.51 in dividend compared to distribution of $0.51, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.3492%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Garmin Ltd. (NASDAQ:GRMN) to attain a price target of $47.666. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $50. The low price range is set at $46 for next year while the arithmetic mean is seen at 3.11.
Eyeing Earnings Garmin Ltd. (NASDAQ:GRMN) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.53 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Garmin Ltd. (NASDAQ:GRMN) earnings came at $0.87 suggesting a deviation of $0.2. The brokerages targeted EPS of $0.67 for the quarter.
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