Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Shareholders of record on Wednesday, October 9th will be paid a dividend of 0.33 per share on Wednesday, October 23rd. This represents a $1.32 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, October 9th.
Johnson Outdoors has increased its dividend payment by an average of 20.5% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Johnson Outdoors has a dividend payout ratio of 77.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Johnson Outdoors to earn $1.70 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 77.6%.
Johnson Outdoors Stock Performance
Shares of JOUT stock traded up $1.04 during trading hours on Thursday, reaching $37.03. The company had a trading volume of 41,932 shares, compared to its average volume of 53,442. The business has a fifty day moving average price of $37.16 and a 200-day moving average price of $38.37. Johnson Outdoors has a one year low of $32.79 and a one year high of $55.43. The firm has a market cap of $381.45 million, a PE ratio of 76.77, a price-to-earnings-growth ratio of 38.12 and a beta of 0.70.
Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). Johnson Outdoors had a negative return on equity of 1.65% and a negative net margin of 1.42%. The company had revenue of $172.47 million during the quarter, compared to the consensus estimate of $176.14 million. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Equities research analysts forecast that Johnson Outdoors will post 0.07 EPS for the current year.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Johnson Outdoors from a "sell" rating to a "hold" rating in a research note 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.
Further Reading
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