Johnson Outdoors Inc. (NASDAQ:JOUT) Plans Quarterly Dividend of $0.33

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, May 29th. Investors of record on Thursday, July 16th will be paid a dividend of 0.33 per share on Thursday, July 30th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 16th.

Johnson Outdoors has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Johnson Outdoors has a payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Outdoors to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 56.2%.

Johnson Outdoors Trading Down 1.6%

NASDAQ JOUT traded down $0.74 on Friday, hitting $44.76. 44,936 shares of the stock traded hands, compared to its average volume of 73,113. The stock has a 50-day moving average of $47.68 and a 200 day moving average of $45.59. Johnson Outdoors has a twelve month low of $26.40 and a twelve month high of $53.54. The company has a market capitalization of $469.08 million, a P/E ratio of -29.45, a price-to-earnings-growth ratio of 4.32 and a beta of 0.89.

Johnson Outdoors (NASDAQ:JOUT) last issued its earnings results on Friday, May 8th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The company had revenue of $194.48 million during the quarter, compared to analyst estimates of $185.09 million. As a group, equities research analysts expect that Johnson Outdoors will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Johnson Outdoors

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of Johnson Outdoors by 51.1% during the first quarter. Bank of America Corp DE now owns 8,018 shares of the company’s stock valued at $373,000 after acquiring an additional 2,712 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Johnson Outdoors by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,684 shares of the company’s stock worth $78,000 after acquiring an additional 562 shares during the period. Empowered Funds LLC lifted its position in Johnson Outdoors by 9.6% in the 1st quarter. Empowered Funds LLC now owns 45,158 shares of the company’s stock valued at $2,100,000 after purchasing an additional 3,960 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Johnson Outdoors by 10.4% during the 1st quarter. Quantinno Capital Management LP now owns 27,312 shares of the company’s stock valued at $1,270,000 after purchasing an additional 2,572 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Johnson Outdoors by 2.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 427,700 shares of the company’s stock valued at $19,892,000 after purchasing an additional 9,600 shares during the period. 64.05% of the stock is currently owned by institutional investors.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.