Garmin® confirms September 28 dividend payment

SCHAFFHAUSEN, Switzerland–(BUSINESS WIRE)–The Garmin Ltd. (NASDAQ: GRMN) board of directors has established
September 28, 2018 as the payment date for the next dividend installment
of $0.53 per share with a record date of September 14, 2018. At the 2018
annual shareholders’ meeting, Garmin shareholders, in accordance with
Swiss corporate law, approved a cash dividend in the total amount of
$2.12 per share (subject to adjustment in the event that the Swiss Franc
weakens more than 35% relative to the USD), payable in four equal
installments on dates to be determined by the Board in its discretion.
The first payment was made on June 29, 2018. The Board currently
anticipates the scheduling of the remaining quarterly dividend
installments as follows:

About Garmin Ltd: For decades, Garmin has pioneered new GPS
navigation and wireless devices and applications that are designed for
people who live an active lifestyle. Garmin serves five primary business
units, including automotive, aviation, fitness, marine, and outdoor
recreation. For more information, visit Garmin’s virtual pressroom at garmin.com/newsroom,
contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin,
or youtube.com/garmin.

Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. Garmin is a registered trademark of Garmin Ltd.

Notice on Forward-Looking Statements: This release includes
projections and other forward-looking statements regarding Garmin Ltd.
and its business. Such statements are based on management’s current
expectations. The forward-looking events and circumstances discussed in
this release may not occur and actual results could differ materially as
a result of known and unknown risk factors and uncertainties affecting
Garmin, including, but not limited to, the risk factors listed in the
Annual Report on Form 10-K for the year ended December 30, 2017, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at https://www8.garmin.com/aboutGarmin/invRelations/reports/2017_Annual_Report.pdf.
No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and Garmin
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.