Johnson Outdoors Inc. (NASDAQ:JOUT) to Issue $0.14 Quarterly Dividend

Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Monday, June 3rd, Wall Street Journal reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.14 per share on Thursday, July 25th. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, July 10th.

Johnson Outdoors has increased its dividend payment by an average of 16.3% per year over the last three years and has increased its dividend every year for the last 5 years. Johnson Outdoors has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Johnson Outdoors to earn $5.11 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 11.0%.

NASDAQ JOUT opened at $75.11 on Tuesday. The stock’s fifty day moving average price is $77.25. Johnson Outdoors has a 1 year low of $54.66 and a 1 year high of $107.36. The company has a market capitalization of $760.71 million, a price-to-earnings ratio of 16.01 and a beta of 0.97.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.32. Johnson Outdoors had a net margin of 8.13% and a return on equity of 15.51%. The company had revenue of $177.71 million for the quarter, compared to the consensus estimate of $171.80 million. On average, analysts forecast that Johnson Outdoors will post 4.76 earnings per share for the current fiscal year.

In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $82.07, for a total value of $82,070.00. Following the transaction, the chief financial officer now directly owns 14,958 shares of the company’s stock, valued at $1,227,603.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.60% of the company’s stock.

JOUT has been the subject of several analyst reports. Imperial Capital raised their price target on shares of Johnson Outdoors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. ValuEngine cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, BidaskClub raised Johnson Outdoors from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $94.00.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, 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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Dividend History for Johnson Outdoors (NASDAQ:JOUT)

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