Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders of record on Thursday, January 9th will be given a dividend of 0.33 per share on Thursday, January 23rd. This represents a $1.32 annualized dividend and a dividend yield of 3.98%.
Johnson Outdoors has increased its dividend by an average of 20.5% annually over the last three years and has raised its dividend every year for the last 11 years. Johnson Outdoors has a payout ratio of 91.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Research analysts expect Johnson Outdoors to earn $1.44 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 91.7%.
Johnson Outdoors Trading Down 1.7 %
Shares of NASDAQ:JOUT traded down $0.58 during mid-day trading on Thursday, hitting $33.16. 31,573 shares of the company traded hands, compared to its average volume of 49,009. The stock has a 50-day moving average price of $33.69 and a two-hundred day moving average price of $35.33. Johnson Outdoors has a 12-month low of $31.60 and a 12-month high of $55.30. The stock has a market cap of $341.55 million, a P/E ratio of -41.65, a P/E/G ratio of 1.65 and a beta of 0.71.
Analyst Ratings Changes
Separately, StockNews.com raised Johnson Outdoors from a "sell" rating to a "hold" rating in a report on Thursday, August 8th.
Read Our Latest Analysis on Johnson Outdoors
About Johnson Outdoors
(
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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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