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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 3.98%.

Johnson Outdoors has raised its dividend by an average of 20.5% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Johnson Outdoors has a dividend payout ratio of 91.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Stock Performance

Johnson Outdoors stock opened at $33.16 on Friday. The firm has a market cap of $341.55 million, a price-to-earnings ratio of -40.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71. Johnson Outdoors has a 1 year low of $31.60 and a 1 year high of $55.30. The firm’s 50 day moving average price is $33.61 and its two-hundred day moving average price is $35.32.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Johnson Outdoors Company Profile

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.