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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced 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 annualized dividend and a yield of 4.84%.

Johnson Outdoors has increased its dividend by an average of 9.0% per year over the last three years and has raised 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 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 0.1 %

Shares of Johnson Outdoors stock traded down $0.03 on Friday, hitting $27.25. The stock had a trading volume of 687 shares, compared to its average volume of 43,861. Johnson Outdoors has a one year low of $27.10 and a one year high of $46.44. The stock’s 50-day simple moving average is $31.86 and its two-hundred day simple moving average is $33.80. The stock has a market cap of $281.55 million, a price-to-earnings ratio of -6.10 and a beta of 0.69.

Johnson Outdoors (NASDAQ:JOUT) last posted its earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative net margin of 8.15% and a negative return on equity of 9.62%. During the same period in the previous year, the firm earned $0.38 EPS. As a group, equities analysts predict 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.