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

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) 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 5.11%. The ex-dividend date of this dividend is Thursday, April 10th.

Johnson Outdoors has raised its dividend payment by an average of 9.0% per year 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% 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 0.5 %

Shares of JOUT traded down $0.12 during mid-day trading on Tuesday, hitting $25.83. 61,714 shares of the company traded hands, compared to its average volume of 50,634. The company has a market capitalization of $266.93 million, a PE ratio of -5.78 and a beta of 0.69. The business has a 50 day moving average of $31.48 and a 200 day moving average of $33.65. Johnson Outdoors has a 1-year low of $25.20 and a 1-year high of $46.38.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate 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 previous year, the company posted $0.38 EPS. As a group, research analysts expect that Johnson Outdoors will post -0.58 EPS for the current fiscal year.

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.