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

Key Points

• Johnson Outdoors Inc. has announced a quarterly dividend of $0.33 per share, payable to shareholders on October 24th, representing an annualized yield of 3.3%.
• The company has a dividend payout ratio of 52.8%, indicating that its dividend is well-supported by earnings, with expected future earnings of $2.50 per share.
• Johnson Outdoors reported a quarterly EPS of $0.75, surpassing estimates by $0.51, and has demonstrated significant institutional investment interest, with several firms increasing their stakes in the company.

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) announced a quarterly dividend on Friday, September 26th, RTT News reports. Shareholders of record on Friday, October 10th will be paid a dividend of 0.33 per share on Friday, October 24th. This represents a c) annualized dividend and a yield of 3.3%.

Johnson Outdoors has a dividend payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Research 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

NASDAQ:JOUT opened at $40.06 on Friday. The firm has a market capitalization of $415.42 million, a price-to-earnings ratio of -10.35 and a beta of 0.85. The business has a 50 day simple moving average of $38.54 and a 200-day simple moving average of $30.77. Johnson Outdoors has a 1 year low of $21.33 and a 1 year high of $42.88.

Johnson Outdoors (NASDAQ:JOUT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.51. The company had revenue of $180.66 million during the quarter, compared to the consensus estimate of $172.98 million. Johnson Outdoors had a negative return on equity of 8.80% and a negative net margin of 7.02%. As a group, analysts expect that Johnson Outdoors will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Johnson Outdoors by 1,175.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 893 shares of the company's stock worth $27,000 after acquiring an additional 823 shares in the last quarter. CWM LLC increased its position in shares of Johnson Outdoors by 49.0% during the first quarter. CWM LLC now owns 1,575 shares of the company's stock worth $39,000 after acquiring an additional 518 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Johnson Outdoors during the second quarter valued at approximately $52,000. GAMMA Investing LLC boosted its holdings in shares of Johnson Outdoors by 5,310.7% in the first quarter. GAMMA Investing LLC now owns 3,030 shares of the company's stock valued at $75,000 after purchasing an additional 2,974 shares during the period. Finally, AlphaQuest LLC bought a new position in Johnson Outdoors in the second quarter worth approximately $120,000. 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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