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

Johnson Outdoors Inc. (NASDAQ:JOUT) 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:JOUT) 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

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.