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

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 4.45%.

Johnson Outdoors has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Johnson Outdoors stock traded up $0.39 during trading on Thursday, hitting $29.69. The stock had a trading volume of 46,555 shares, compared to its average volume of 47,825. The stock's 50 day moving average is $26.78 and its two-hundred day moving average is $28.52. 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 posted its earnings results on Friday, May 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Johnson Outdoors had a negative net margin of 8.23% and a negative return on equity of 9.90%. The firm had revenue of $168.35 million during the quarter, compared to the consensus estimate of $178.27 million. During the same quarter last year, the company earned $0.21 earnings per share. Sell-side analysts forecast that Johnson Outdoors will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Johnson Outdoors

A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its stake 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 worth $374,000 after buying an additional 2,230 shares during the period. Empowered Funds LLC increased its holdings in Johnson Outdoors by 7.6% during the 1st quarter. Empowered Funds LLC now owns 20,782 shares of the company's stock valued at $516,000 after purchasing an additional 1,468 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Johnson Outdoors by 127.5% in the 1st quarter. AQR Capital Management LLC now owns 33,515 shares of the company's stock worth $833,000 after buying an additional 18,782 shares during the period. Hedge funds and other institutional investors own 64.05% of the company's stock.

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.

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