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

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, December 5th. Investors of record on Thursday, January 8th will be given a dividend of 0.33 per share on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, January 8th.

Johnson Outdoors has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 11 years. Johnson Outdoors has a dividend 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 Performance

JOUT traded down $0.03 on Friday, hitting $40.87. 29,149 shares of the company were exchanged, compared to its average volume of 50,321. The stock’s fifty day moving average is $40.68 and its 200-day moving average is $36.49. Johnson Outdoors has a 12 month low of $21.33 and a 12 month high of $44.44. The company has a market cap of $423.90 million, a PE ratio of -10.56, a PEG ratio of 2.77 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JOUT. Zacks Research upgraded shares of Johnson Outdoors from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Johnson Outdoors in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Johnson Outdoors from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Johnson Outdoors has a consensus rating of “Reduce”.

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.