Switzerland-based Garmin Ltd., maker of personal navigation and fitness devices, will pay the next dividend installment of 57 U.S. cents per share on Sept. 30 to shareholders of record as of Sept. 16.
Garmin shareholders approved a cash dividend of $2.28 per share at the company's annual meeting, payable in four installments. The first payment was made on June 28.
The succeeding dividends will be paid Dec. 31 for shareholders of record as of Dec. 16, and on March 31, 2020, for shareholders as of March 16, 2020.
The announcement follows Garmin's decision to raise its earnings outlook for fiscal 2019 after reporting higher earnings and sales in the second quarter ended June 29.
