Earnings for this navigation/information company are expected on February 17, with estimates of $1.39 EPS on revenues of $1.18 billion. The shares have a current dividend yield of 1.93%, paid quarterly.
Garmin Ltd. (GRMN)
From DRIP Investor
Garmin provides navigation, communications, and information devices built around global positioning system (GPS) technology. Products are used in the auto, aviation, marine, outdoor, and fitness markets.
The company soundly beat earnings estimates in the last four quarters, with earnings estimates trending higher over the last 90 days. The stock’s price action has been quite bullish, with the shares pushing to new highs in recent trading. To be sure, the company’s markets are very competitive, which lends some risk to these shares. Nevertheless, strong operating momentum, a great-looking chart, and a dividend yield of nearly 2% give these shares plenty of appeal for the year-ahead.
Garmin is part of Computershare’s DirectStock online plan. Minimum initial investment is $25. Alternatively, you may authorize monthly automatic deductions of at least $10 from your bank account to fund your initial investment. Subsequent investments are a minimum $10. Each dividend reinvestment will entail a transaction fee of 5% of the amount reinvested, up to a maximum of $5 plus $0.05 per share. Each recurring optional cash purchase using funds that are automatically deducted from your checking or savings account will incur a transaction fee of $2.50 plus $0.05 per share. All sales will entail a transaction fee of $25 plus $0.12 per share. To enroll, visit computershare.com/directstock.
Charles B. Carlson, CFA, DRIP Investor, dripinvestor.com, 800-233-5922, February 2021