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

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) announced a quarterly dividend on Thursday, June 26th, RTT News reports. Investors of record on Thursday, July 10th will be paid a dividend of 0.33 per share on Thursday, July 24th. This represents a $1.32 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Thursday, July 10th.

Johnson Outdoors has a payout ratio of 52.8% meaning 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 Trading Down 1.4%

JOUT stock traded down $0.43 during mid-day trading on Friday, hitting $29.26. 423,484 shares of the company were exchanged, compared to its average volume of 48,337. The business has a 50 day simple moving average of $26.93 and a 200-day simple moving average of $28.43. The stock has a market capitalization of $302.26 million, a PE ratio of -6.56 and a beta of 0.76. Johnson Outdoors has a 1-year low of $21.33 and a 1-year high of $43.13.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. During the same period last year, the business posted $0.21 earnings per share. Equities research analysts expect that Johnson Outdoors will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Johnson Outdoors

Several hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in Johnson Outdoors by 7.6% during the first quarter. Empowered Funds LLC now owns 20,782 shares of the company's stock worth $516,000 after acquiring an additional 1,468 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Johnson Outdoors by 17.3% in the first quarter. Acadian Asset Management LLC now owns 15,106 shares of the company's stock valued at $374,000 after buying an additional 2,230 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Johnson Outdoors by 127.5% in the first quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock valued at $833,000 after buying an additional 18,782 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Outdoors

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.