Garmin (GRMN): A Tech-Driven Play in the Best S&P 500 Dividend Stocks

Garmin Ltd. (NYSE:GRMN) is included among the 10 Best S&P 500 Dividend Stocks to Invest in. 

Garmin Ltd. (NYSE:GRMN) is an American multinational tech company. Its strategy leans heavily on diversification, enabling the company to reduce dependence on any single market by spreading risks across multiple sectors. This way, it secures revenue from a wide range of products, from fitness trackers to sophisticated automotive navigation systems.

At the same time, innovation drives Garmin Ltd. (NYSE:GRMN)’s growth, supported by substantial spending on Research and Development. Its vertically integrated manufacturing setup allows the company to introduce new products quickly while keeping quality standards high. In addition, the company protects its technological edge through a strong intellectual property portfolio, holding more than 1,900 patents worldwide.

Garmin Ltd. (NYSE:GRMN) currently offers a quarterly dividend of $0.90 per share, having raised it by 20% in June. Through this increase, the company stretched its dividend growth streak to 23 years, which makes it one of the best dividend stocks to invest in. The stock has a dividend yield of 1.53%, as of September 21.

While we acknowledge the potential of GRMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.