Johnson Outdoors Inc. (JOUT) to Issue Quarterly Dividend of $0.33 on January 23rd

Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Stockholders of record on Thursday, January 9th will be paid a dividend of 0.33 per share on Thursday, January 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, January 10th.

Johnson Outdoors has increased its dividend by an average of 12.4% per year over the last three years and has raised its dividend annually for the last 12 consecutive 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 $2.50 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 52.8%.

Johnson Outdoors Stock Performance

Shares of JOUT stock opened at $34.98 on Wednesday. The company has a market capitalization of $360.22 million, a price-to-earnings ratio of -13.45, a PEG ratio of 1.89 and a beta of 0.69. The company has a 50-day simple moving average of $34.03 and a 200 day simple moving average of $35.28. Johnson Outdoors has a 52 week low of $29.98 and a 52 week high of $50.00.

About Johnson Outdoors

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.