The paper considers grad-div stabilized equal-order finite elements (FE) methods for the linearized Navier-Stokes equations. A block triangular preconditioner for the resulting system of algebraic equations is proposed which is closely related to the Augmented Lagrangian (AL) preconditioner. A field-of-values analysis of a preconditioned Krylov subspace method shows convergence bounds that are independent of the mesh parameter variation. Numerical studies support the theory and demonstrate the robustness of the approach also with respect to the viscosity parameter variation, as is typical for AL preconditioners when applied to inf-sup stable FE pairs. The numerical experiments also address the accuracy of grad-div stabilized equal-order FE method for the steady state Navier-Stokes equations.
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