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Here's Why Investors Should Hold Garmin Stock

TheMotleyFool

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Here's Why Investors Should Hold Garmin Stock: https://g.foolcdn.com/editorial/images/676282/garminfitness.png

GPS device maker Garmin (NYSE: GRMN) announced first-quarter earnings this week, showing the company remains on track to grow revenue about 10% this year. While that might not be the kind of growth some investors want from technology stocks, looking at the bigger picture of Garmin as an investment offers more support to own the stock.

If the company does achieve a double-digit, year-over-year revenue increase in 2022, it will be a continuation of its five-year annual rate of 10.5%. While that growth does look likely to continue based on what the company just reported, the stock itself also offers investors a reliable dividend yield and a good valuation at its recent price.

Image source: Garmin.

Source Fool.com

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