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

Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Friday, May 29th. Investors of record on Thursday, July 16th will be paid a dividend of 0.33 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 16th.

Johnson Outdoors has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive 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 $2.35 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 56.2%.

Johnson Outdoors Trading Down 1.6%

JOUT traded down $0.74 during trading hours on Friday, hitting $44.76. The company’s stock had a trading volume of 44,936 shares, compared to its average volume of 73,113. The company has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $45.59. The firm has a market capitalization of $469.08 million, a PE ratio of -29.45, a PEG ratio of 4.32 and a beta of 0.89. Johnson Outdoors has a fifty-two week low of $26.40 and a fifty-two week high of $53.54.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The company had revenue of $194.48 million during the quarter, compared to analyst estimates of $185.09 million. Research analysts expect that Johnson Outdoors will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Johnson Outdoors

Several institutional investors have recently modified their holdings of the company. Aristides Capital LLC raised its holdings in shares of Johnson Outdoors by 188.4% in the 3rd quarter. Aristides Capital LLC now owns 90,440 shares of the company’s stock worth $3,653,000 after purchasing an additional 59,079 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Johnson Outdoors in the third quarter worth approximately $7,676,000. CSM Advisors LLC grew its position in Johnson Outdoors by 34.0% in the third quarter. CSM Advisors LLC now owns 89,365 shares of the company’s stock worth $3,609,000 after buying an additional 22,675 shares during the last quarter. Dean Capital Management increased its holdings in shares of Johnson Outdoors by 31.3% in the third quarter. Dean Capital Management now owns 101,177 shares of the company’s stock valued at $4,087,000 after buying an additional 24,102 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Johnson Outdoors by 4.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 418,100 shares of the company’s stock valued at $17,748,000 after acquiring an additional 17,700 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.