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Garmin® Confirms December 31 Dividend Payment

  Garmin® Confirms December 31 Dividend Payment

Business Wire

SCHAFFHAUSEN, Switzerland -- October 28, 2013

The Garmin Ltd. (Nasdaq: GRMN) board of directors has established December 31,
2013 as the payment date for the next dividend installment of $0.45 per share
with a record date of December 16, 2013, per the approval previously provided
at the 2013 annual shareholders’ meeting. At the 2013 annual meeting Garmin
shareholders, in accordance with Swiss corporate law, approved a cash dividend
in the total amount of $1.80 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 28, 2013 and September 30, 2013,
respectively. The board currently anticipates the scheduling of the remaining
quarterly dividends as follows:

                                       
        Dividend Date        Record Date          $'s per share
                                                  
        March 31, 2014       March 17, 2014       $0.45
                                                         

About Garmin Ltd.

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries
have designed, manufactured, marketed and sold navigation, communication and
information devices and applications since 1989 – most of which are enabled by
GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor
recreation, fitness, marine, aviation, and OEM applications. A member of the
S&P 500 Index, Garmin Ltd. is incorporated in Schaffhausen, Switzerland, and
its principal subsidiaries are located in the United States, Taiwan and the
United Kingdom. For more information, visit Garmin's virtual pressroom at
www.garmin.com/pressroom or contact the Media Relations department at
913-397-8200.

Notice on Forward‐Looking Statements:

This release includes projections and other forward-looking statements
regarding Garmin Ltd. and its business. Any statements regarding the company’s
estimated earnings and revenue for fiscal 2013, the company’s expected segment
revenue growth rate, margins, new products to be introduced and the company’s
plans and objectives are forward-looking statements. The forward-looking
events and circumstances discussed in this release may not occur and actual
results could differ materially as a result of risk factors affecting Garmin,
including, but not limited to, the risk factors that are described in the
Annual Report on Form 10-K for the year ended December 29, 2012 filed by
Garmin with the Securities and Exchange Commission (Commission file number
0-31983). A copy of such Form 10-K can be downloaded from
http://www.garmin.com/aboutGarmin/invRelations/finReports.html.

Contact:

Garmin
Investor Contact:
Kerri Thurston, 913-397-8200
investor.relations@garmin.com
or
Media Contact:
Ted Gartner, 913-397-8200
media.relations@garmin.com
 
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