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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, September 25th. Investors of record on Friday, October 9th will be given a dividend of $0.33 per share on Friday, October 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 9th.

Johnson Outdoors has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Johnson Outdoors has a payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Johnson Outdoors to earn $1.41 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 93.6%.

Johnson Outdoors Price Performance

JOUT opened at $44.43 on Friday. The firm has a 50 day simple moving average of $46.20 and a 200 day simple moving average of $46.41. Johnson Outdoors has a fifty-two week low of $35.65 and a fifty-two week high of $53.54. The company has a market cap of $465.63 million, a price-to-earnings ratio of -52.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings data on Friday, August 7th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.74. The firm had revenue of $189.73 million for the quarter, compared to analysts’ expectations of $186.19 million. Johnson Outdoors had a negative net margin of 1.21% and a positive return on equity of 4.26%. As a group, analysts expect that Johnson Outdoors will post 1.3 EPS for the current year.

Johnson Outdoors Company Profile

Johnson Outdoors Inc is an outdoor recreation company that designs, manufactures and markets equipment for fishing, watercraft, diving, camping and other outdoor activities. Its products are sold through retailers, dealers and distributors in the United States and international markets.

The company’s fishing portfolio includes Minn Kota electric trolling motors, Humminbird marine electronics and Cannon downriggers. Its watercraft brands include Old Town kayaks and canoes, Ocean Kayak products and Carlisle paddles, while its camping business includes Eureka! tents and outdoor equipment and Jetboil cooking systems.