Johnson Outdoors Inc. (JOUT) to Issue Quarterly Dividend of $0.33 on July 30th

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, July 16th will be given a dividend of 0.33 per share on Thursday, July 30th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, July 16th.

Johnson Outdoors has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive 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 $2.35 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 56.2%.

Johnson Outdoors Stock Performance

Shares of NASDAQ JOUT opened at $44.25 on Tuesday. The company has a market cap of $463.74 million, a price-to-earnings ratio of -29.11, a PEG ratio of 4.21 and a beta of 0.81. Johnson Outdoors has a 12 month low of $30.35 and a 12 month high of $53.54. The stock has a 50-day moving average price of $45.12 and a two-hundred day moving average price of $46.58.

Johnson Outdoors (NASDAQ:JOUT) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $194.48 million for the quarter, compared to the consensus estimate of $185.09 million. Johnson Outdoors had a negative net margin of 2.33% and a positive return on equity of 2.52%. On average, sell-side analysts predict that Johnson Outdoors will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JOUT shares. Zacks Research lowered shares of Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Johnson Outdoors in a report on Friday, May 8th. Finally, Wall Street Zen cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Johnson Outdoors

Johnson Outdoors Inc is a diversified outdoor recreation company that develops, manufactures and markets a broad range of gear and equipment for marine and land-based activities. The company operates through two primary segments: the Marine Electronics & Boat Group and the Outdoor Products Group. Its marine offerings include electric motors and anchors under the Minn Kota® brand, fish-finding and sonar systems under the Humminbird® brand, and a lineup of recreational watercraft under the Old Town® and Ocean Kayak® names.