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34
PART II
Item 5. Market for the Company’s Common Shares, Related Shareholder Matters and Issuer Purchases of
Equity Securities
Garmin’s common shares have traded on the Nasdaq National Market under the symbol “GRMN” since its
initial public offering on December 8, 2000 (the “IPO”). As of February 8, 2007, there were 280 shareholders of
record.
On August 15, 2006, a two-for-one stock split of Garmin’s common shares was effected.
The range of high and low closing sales prices of Garmin’s common shares as reported on the Nasdaq
Stock Market for each fiscal quarter of fiscal years 2007 and 2006 was as follows:
High Low High Low
First Quarter $57.66 $49.19 $42.39 $29.75
Second Quarter $75.03 $52.69 $54.75 $39.97
Third Quarter $121.14 $75.18 $54.10 $41.20
Fourth Quarter $123.80 $82.32 $56.89 $44.53
December 30, 2006
Year Ended
December 29, 2007
The Board of Directors declared a cash dividend of $0.75 per common share to shareholders of record on
August 15, 2007 which was paid on September 14, 2007. The Board of Directors declared a cash dividend of $0.50
per common share to shareholders of record on December 1, 2006 which was paid on December 15, 2006. All
dividend amounts and share prices are after giving effect to the August 15, 2006 two-for-one stock split.
Garmin currently expects to pay a cash dividend in December 2008.
The Board of Directors approved a share repurchase program on August 3, 2006, authorizing the Company
to purchase up to 3.0 million shares of Garmin’s common shares as market and business conditions warrant. The
share repurchase authorization expired on December 31, 2007. 1,155,300 shares were purchased under this
authorization during the fiscal year ended December 30, 2006, and 57,235 shares were purchased under this
authorization during the fiscal year ended December 29, 2007.
Maximum Number of
Shares That May Yet
Total # of Average Price Be Purchased Under
Period Shares Purchased Paid Per Share the Plans or Programs
October 2007
--
0
November 2007 57,235 $89.94 0
December 2007
--
0
Total 57,235 $89.94 0
We refer you to Item 12 of this report under the caption “Equity Compensation Plan Information” for
certain equity plan information required to be disclosed by Item 201(d) of Regulation S-K.
Stock Performance Graph
This performance graph shall not be deemed ‘‘filed’’ with the SEC or subject to Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any of our filings under the
Securities Act of 1933, as amended.