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

Johnson Outdoors Inc. (NASDAQ:JOUTGet Free Report) declared a quarterly dividend on Thursday, May 30th, Zacks reports. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.33 per share on Thursday, July 25th. This represents a $1.32 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, July 11th.

Johnson Outdoors has raised its dividend payment by an average of 20.5% annually over the last three years and has increased its dividend every year for the last 11 years. Johnson Outdoors has a payout ratio of 46.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Johnson Outdoors to earn $2.84 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 46.5%.

Johnson Outdoors Stock Down 2.4 %

Shares of NASDAQ JOUT opened at $33.15 on Wednesday. Johnson Outdoors has a 52 week low of $32.90 and a 52 week high of $60.58. The business has a 50-day simple moving average of $35.81 and a two-hundred day simple moving average of $42.27. The company has a market cap of $341.45 million, a P/E ratio of 70.53, a P/E/G ratio of 2.15 and a beta of 0.74.

Johnson Outdoors (NASDAQ:JOUTGet Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.29). The business had revenue of $175.86 million for the quarter, compared to the consensus estimate of $158.76 million. Johnson Outdoors had a net margin of 0.82% and a return on equity of 0.97%. Equities research analysts anticipate that Johnson Outdoors will post 1.13 EPS for the current year.

Johnson Outdoors Company Profile

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Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.

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Dividend History for Johnson Outdoors (NASDAQ:JOUT)

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