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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.33 per share on Thursday, April 24th. This represents a $1.32 dividend on an annualized basis and a yield of 4.91%.

Johnson Outdoors has raised its dividend by an average of 9.0% annually 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 52.8% indicating that its dividend is sufficiently covered by earnings. 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 Down 1.4 %

NASDAQ:JOUT opened at $26.90 on Friday. The stock has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $33.74. The company has a market capitalization of $277.98 million, a PE ratio of -6.02 and a beta of 0.69. Johnson Outdoors has a 52-week low of $26.62 and a 52-week high of $46.44.

Johnson Outdoors (NASDAQ:JOUT) last announced its earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same quarter in the prior year, the company posted $0.38 EPS. As a group, equities analysts anticipate that Johnson Outdoors will post -0.58 earnings per share 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.