Johnson Outdoors Inc. (NASDAQ:JOUT) Shareholders to Get $0.33 Quarterly Dividend

Key Points

• Johnson Outdoors declared a quarterly dividend of $0.33 per share, payable October 23 to shareholders of record on October 9. The dividend equates to $1.32 annually and a 3.0% yield.
• The company has increased its dividend for 11 consecutive years, with a current payout ratio of 52.8%; however, analysts’ projected earnings imply a significantly higher future payout ratio of 93.6%.
• In its latest quarter, Johnson Outdoors reported $1.42 in earnings per share and $189.73 million in revenue, exceeding analyst expectations, while shares traded at $44.43.

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) announced a quarterly dividend on Friday, September 25th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.33 per share on Friday, October 23rd. This represents a $1.32 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 9th.

Johnson Outdoors has raised its dividend payment by an average of 0.1%annually 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 research analysts expect Johnson Outdoors to earn $1.41 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 93.6%.

Johnson Outdoors Stock Performance

Shares of JOUT traded up $0.67 during midday trading on Friday, hitting $44.43. 30,729 shares of the company traded hands, compared to its average volume of 64,263. The firm has a 50 day moving average of $46.23 and a 200-day moving average of $46.42. Johnson Outdoors has a 52 week low of $35.65 and a 52 week high of $53.54. The stock has a market cap of $465.63 million, a price-to-earnings ratio of -52.27, a PEG ratio of 2.47 and a beta of 0.81.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.74. The business had revenue of $189.73 million during the quarter, compared to analysts' expectations of $186.19 million. Johnson Outdoors had a positive return on equity of 4.26% and a negative net margin of 1.21%. Sell-side analysts predict that Johnson Outdoors will post 1.3 earnings per share for the current fiscal year.

About Johnson Outdoors

Johnson Outdoors Inc is an outdoor recreation company that designs, manufactures and markets equipment for fishing, watercraft, diving, camping and other outdoor activities. Its products are sold through retailers, dealers and distributors in the United States and international markets.

The company's fishing portfolio includes Minn Kota electric trolling motors, Humminbird marine electronics and Cannon downriggers. Its watercraft brands include Old Town kayaks and canoes, Ocean Kayak products and Carlisle paddles, while its camping business includes Eureka! tents and outdoor equipment and Jetboil cooking systems.

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