March 18, 2010 at 11:55 AM EDT
Contrary to Initial Reports on CNBC, Garmin Dividend Hike a “One-Time” Event
Despite reports on CNBC yesterday that GPS maker Garmin (GRMN) had doubled its annual dividend from $0.75 to $1.50 per share, a thorough reading of the company’s press release shows that this increase is “one-time” in nature, meaning that Garmin has decided to add $0.75 to its dividend this year, but that investors should [...]
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