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

Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Thursday, December 5th,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 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, January 9th.

Johnson Outdoors has increased its dividend payment by an average of 20.5% per year over the last three years and has increased its dividend every year for the last 11 years. Johnson Outdoors has a dividend payout ratio of 91.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Johnson Outdoors to earn $1.44 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 91.7%.

Johnson Outdoors Trading Up 1.0 %

JOUT opened at $33.48 on Friday. The business’s 50-day moving average is $33.55 and its two-hundred day moving average is $35.30. Johnson Outdoors has a 1 year low of $31.60 and a 1 year high of $54.50.

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.