Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Investors of record on Thursday, January 10th will be paid a dividend of 0.14 per share on Thursday, January 24th. This represents a $0.56 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, January 9th.

Johnson Outdoors has raised its dividend by an average of 7.2% annually over the last three years and has increased its dividend every year for the last 4 years. Johnson Outdoors has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Johnson Outdoors to earn $4.70 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 11.9%.

NASDAQ:JOUT opened at $61.70 on Friday. The firm has a market capitalization of $700.59 million, a price-to-earnings ratio of 20.03 and a beta of 0.88. Johnson Outdoors has a 12 month low of $54.66 and a 12 month high of $107.36.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, December 7th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.44). Johnson Outdoors had a return on equity of 20.47% and a net margin of 8.48%. Equities analysts predict that Johnson Outdoors will post 5.15 EPS for the current fiscal year.

JOUT has been the subject of a number of research reports. ValuEngine cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. BidaskClub cut shares of Johnson Outdoors from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research cut shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Johnson Outdoors has an average rating of “Hold” and a consensus price target of $98.50.

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About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets outdoor equipment, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers battery-powered fishing 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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