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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Thursday, May 30th, Zacks reports. Investors 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 is Thursday, July 11th.

Johnson Outdoors has increased its dividend by an average of 20.5% per year over the last three years and has raised its dividend every year for the last 11 years. Johnson Outdoors has a payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of JOUT stock opened at $33.15 on Wednesday. The stock has a market capitalization of $341.45 million, a PE ratio of 70.53, a P/E/G ratio of 2.15 and a beta of 0.74. Johnson Outdoors has a 1-year low of $32.90 and a 1-year high of $60.58. The business has a 50-day moving average of $35.81 and a 200 day moving average of $42.27.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Friday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.29). Johnson Outdoors had a return on equity of 0.97% and a net margin of 0.82%. The firm had revenue of $175.86 million during the quarter, compared to the consensus estimate of $158.76 million. 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.