Only The Sept. 13, 2018, $0.53 Dividend Keeping Garmin Stock Getting Walloped By ECG Apple Watch 4.

by Anura Guruge

Click images to ENLARGE.

Both from MarketWatch, of course.

Fitbit took a 6% hit when the Apple Watch 4 — with its AMAZING, game changing ECG feature — was announced, and Garmin stayed flat (if not gained a fraction).

What gives.

Aaahhhh! THE magic dividend. Apple, with its timing, did Garmin a huge favor.

Nobody was going to dump GRMN on when there was a 53 cent dividend baked into the price. But, that will change post September 13, 2018 — the ex-dividend date. The price will drop.

Garmin is NOT as much of a direct competitor as Fitbit, but the new Apple Watch makes Garmin’s high-end Fenix 5 and Fenix 5 Plus look pedestrian and lackluster.

Interesting times. Yes, I own GRMN — but I also own AAPL. {Smile}. I owned AAPL from 2007 to 2017 and then sold most of it since I had enough. {Smile}

Related posts:
Search ‘Garmin’.

by Anura Guruge

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