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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Wednesday, December 4th,RTT News reports. Shareholders 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 yield of 3.77%. The ex-dividend date is Friday, January 10th.

Johnson Outdoors has raised its dividend payment by an average of 12.4% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Johnson Outdoors has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.7 %

Shares of NASDAQ:JOUT opened at $34.98 on Wednesday. The firm has a 50 day moving average of $34.03 and a 200-day moving average of $35.28. The stock has a market capitalization of $360.22 million, a PE ratio of -13.45, a PEG ratio of 1.89 and a beta of 0.69. Johnson Outdoors has a 12 month low of $29.98 and a 12 month high of $50.00.

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.