Garmin® Shareholders Approve Quarterly Dividend through March 2017 and Garmin Announces Record and Payment Dates for June 2016 Dividend Installment

At Garmin Ltd.’s (NASDAQ: GRMN) annual shareholders’ meeting held today,
approval was received from the shareholders in accordance with Swiss
corporate law for a cash dividend in the amount of $2.04 per share
(subject to possible adjustment based on the total amount of the
dividend in Swiss Francs as approved at the annual meeting), payable in
four equal installments. The board has determined that the June
installment of the dividend will be paid as indicated below and
currently anticipates the scheduling of the remaining quarterly
dividends as follows:

Dividend Date

Record Date

$s per share
June 30, 2016 June 20, 2016 $0.51
September 30, 2016 September 15, 2016 $0.51
December 30, 2016 December 14, 2016 $0.51
March 31, 2017 March 15, 2017 $0.51

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 recreation.
For more information, visit Garmin’s virtual pressroom at,
contact the Media Relations department at 913-397-8200, or follow us at,,

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.

Notice on Forward‐Looking Statements:

This release includes projections and other forward-looking statements
regarding Garmin Ltd. and its business. Such statements are based on
management’s current expectations. The forward-looking events and
circumstances discussed in this release may not occur and actual results
could differ materially as a result of known and unknown risk factors
and uncertainties affecting Garmin, including, but not limited to, the
risk factors listed in the Annual Report on Form 10-K for the year ended
December 26, 2015, filed by Garmin with the Securities and Exchange
Commission (Commission file number 0-31983). A copy of such Form 10-K is
available at
No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and Garmin
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.



Garmin Ltd. Investor Relations Contact:Teri Seck, 913-397-8200 [email protected] orMedia Relations Contact:Ted Gartner, 913-397-8200 [email protected]