Garmin Ltd. (NASDAQ:GRMN) Updates On Dividend Release Date


On 2016-06-14, Garmin Ltd. (NASDAQ:GRMN) confirmed the dividend disbursement of $0.51 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Garmin Ltd. (NASDAQ:GRMN) paid a total of $0.51 per share in dividends. This figure stood at $0.51 a share in the same period a year ago indicating a deviation of 6.3492%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $49 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $57 and $42, respectively.

Taking the mathematical rating formula, the price for Garmin Ltd. (NASDAQ:GRMN) stands at 3. Earnings Review Garmin Ltd. (NASDAQ:GRMN) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.53.

Coming to the quarter ending on 2015-12-31, Garmin Ltd. (NASDAQ:GRMN) recorded EPS of $0.87. The reported numbers came lower than the analysts’ estimates of $0.67, demonstrating a miss of $0.2 as against reported figures.

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