Johnson Outdoors Inc. (NASDAQ:JOUT – Get Free Report) declared a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Thursday, April 10th will be paid 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 5.67%. The ex-dividend date of this dividend is Thursday, April 10th.
Johnson Outdoors has raised its dividend payment 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 payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 3.4 %
Shares of JOUT opened at $23.26 on Tuesday. The firm has a market cap of $240.37 million, a P/E ratio of -5.20 and a beta of 0.74. Johnson Outdoors has a 12 month low of $22.58 and a 12 month high of $46.04. The stock’s 50 day moving average is $27.28 and its two-hundred day moving average is $31.72.
About Johnson Outdoors
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.
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