Garmin Stock Price, News & Analysis

Garmin has launched three new rugged devices in the Tread series: Tread XL Overland Edition, Tread Overland Edition, and Tread SxS Edition. Designed for off-road enthusiasts, these devices feature a glove-friendly touchscreen, turn-by-turn trail navigation, and built-in inReach technology for global satellite communication. The Tread devices come in vibrant 10-inch and 8-inch displays, with prices ranging from $1,299.99 to $1,499.99. They also include extensive mapping options, group tracking, and various off-road functionalities, making them ideal for adventure seekers.

Garmin Ltd. (NYSE:GRMN) has acquired Vesper Marine, a company specializing in AIS, VHF, and vessel monitoring solutions for the marine industry. This acquisition aims to enhance Garmin's existing marine product lineup, providing improved situational awareness for boaters. Vesper Marine's Cortex system merges VHF radio with smartAIS technology, featuring alarms for potential hazards. The integration will leverage Garmin's established market presence, though financial terms remain undisclosed. The acquisition is expected to strengthen Garmin's position as a leader in marine technology.

Garmin has entered into a long-term agreement with Heart Aerospace to supply the G3000 integrated flight deck for the upcoming ES-19 electric airliner. This 19-seat aircraft aims to offer a sustainable transport option by 2026, with United Airlines conditionally planning to purchase 100 units upon meeting safety and operational criteria. The G3000 system, designed for electric aircraft, will enhance operational performance and battery management. Garmin's involvement highlights its commitment to innovation in aviation, promising reduced emissions and lower operational costs in the regional air transport market.

Garmin (NYSE: GRMN) has been recognized as Supplier of the Year by Embraer for the seventh consecutive year during the virtual Suppliers Conference on December 2. Garmin excelled in the Electric and Electronic Systems category, praised for its G3000 Prodigy Touch flight deck systems in the Phenom 100EV and Phenom 300E. The award reflects Garmin's commitment to innovation, production support, and customer satisfaction. Over the last decade, Garmin has received 12 supplier awards from Embraer, showcasing its leadership in avionics solutions for various aviation sectors.

Intercontinental Exchange (NYSE: ICE) announced that Garmin Ltd. (NYSE: GRMN) has successfully completed its transfer to the New York Stock Exchange. Garmin, a leader in various markets for over 30 years, aims to leverage NYSE's advanced market model and extensive network of business leaders. CEO Cliff Pemble expressed confidence in the move, highlighting it as a strategic advantage that will enhance brand value and shareholder returns. Since 2000, approximately 300 companies, worth over $1 trillion, have transitioned to the NYSE.

Garmin has been awarded the Best of What’s New Award for its Descent Mk2i dive computer and Descent T1 transmitter. This recognition highlights Garmin's innovative SubWave sonar communication technology, enabling advanced underwater data sharing. Retail prices are $1,499.99 for the Mk2i and $399.99 for the T1, with a bundle available for $1,849.99.

The Board of Garmin Ltd. (NASDAQ: GRMN) has declared a dividend of $0.67 per share, with a payment date of December 31, 2021 and a record date of December 15, 2021. This is part of a total annual cash dividend of $2.68 per share, approved by shareholders. The dividend will be divided into four equal installments, with two already paid on June 30, 2021 and September 30, 2021. The next installment is tentatively scheduled for March 31, 2022.