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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, February 28th, RTT News reports. Stockholders 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 dividend yield of 4.91%.

Johnson Outdoors has raised its dividend payment by an average of 9.0% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Johnson Outdoors has a payout ratio of 52.8% meaning 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 Price Performance

JOUT stock opened at $26.90 on Friday. The business has a 50 day simple moving average of $31.65 and a 200-day simple moving average of $33.73. The firm has a market capitalization of $277.98 million, a PE ratio of -6.02 and a beta of 0.69. Johnson Outdoors has a 1 year low of $26.62 and a 1 year high of $46.38.

Johnson Outdoors (NASDAQ:JOUT) last released its quarterly earnings data on Monday, February 3rd. The company reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same period last year, the firm earned $0.38 earnings per share. On average, equities research analysts expect that Johnson Outdoors will post -0.58 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.