Garmin Stock Price, News & Analysis

Garmin Ltd. (NYSE: GRMN) announces the second annual Garmin Health Awards, calling for entries to recognize innovative health solutions integrating Garmin wearable technology. The awards highlight advancements across health care, insurance, and engagement sectors, with winners announced at the Garmin Health Summit on Sept. 29-30, 2022, in Rome. Winners will receive 50 Garmin wearables valued at $10,000. Applications are open from June 20 to July 8, 2022, encouraging participants to submit active projects leveraging Garmin’s technology.

Garmin Ltd. (NYSE: GRMN) announced a significant legal victory against Philips North America LLC, with the U.S. District Court in California dismissing a lawsuit over patent claims. Judge André Birotte Jr. ruled that the patents in question were invalid and did not apply to Garmin's products. This follows similar dismissals in other jurisdictions, underscoring Garmin's strong defense against Philips’ claims. Garmin's legal team expressed satisfaction with the ruling, reinforcing the company's commitment to protecting its innovations.

Garmin Ltd. announced a cash dividend of $2.92 per share at its annual shareholders' meeting, with four equal installments. The first installment of $0.73 is scheduled for June 30, 2022, with a record date of June 20, 2022. Subsequent installments are planned for September 30, 2022, December 30, 2022, and March 31, 2023, each with a record date set 15 days prior. The dividend amount is subject to adjustment if the Swiss Franc depreciates significantly against the USD.

Garmin has launched the BC 50 and BC 50 with Night Vision wireless backup cameras to improve driver safety. These cameras feature NightGlo technology, illuminating up to 20 feet for enhanced visibility in low-light conditions. The products are compatible with a range of Garmin GPS devices and are priced at $199.99 and $299.99, respectively. The BC 50 series is designed for various driving needs, including RVs and trucks, and offers features like HD resolution and a wide field of view.

Garmin has launched the new dēzl OTR610/710/810/1010 trucking navigators, aimed at enhancing the road experience for professional truck drivers. Key features include Birdseye Satellite Imagery for better arrival planning, larger high-resolution displays (6 to 10 inches), and split map views. The navigators offer customized routing options based on truck size, alerts for road conditions, and a comprehensive directory for truck stops. Prices range from $349.99 to $899.99, available now at garmin.com/dēzl.

Garmin has launched new premium headsets, the dēzl Headset 100 and dēzl Headset 200, designed specifically for truck drivers. These headsets feature advanced audio technology, including active noise cancellation, delivering clear sound during calls and streaming. The dēzl Headset 200 can easily convert from a single-ear design to full stereo headphones. With up to 50 hours of Bluetooth talk time, these headsets provide long-lasting performance. The dēzl Headset 100 retails for $299.99 and the dēzl Headset 200 for $399.99.

Garmin has launched the Edge 1040 Solar, a state-of-the-art GPS bike computer that offers solar charging and multi-band GNSS technology. With a battery life extending up to 100 hours in battery saver mode, it enhances ride time significantly. This device features a modern user interface with a 3.5-inch touchscreen, allowing cyclists to customize their experience. Key advancements include real-time stamina insights, training analytics, and improved navigation tools. Priced at $749.99, the Edge 1040 Solar is designed for serious cyclists seeking performance and safety.