Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, September 27th, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.17 per share on Friday, October 25th. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from Johnson Outdoors’s previous quarterly dividend of $0.14.

Johnson Outdoors has increased its dividend payment by an average of 16.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Johnson Outdoors has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Johnson Outdoors to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.6%.

Shares of NASDAQ JOUT traded down $0.25 during midday trading on Tuesday, reaching $59.21. The company had a trading volume of 812 shares, compared to its average volume of 52,737. Johnson Outdoors has a 1 year low of $54.12 and a 1 year high of $91.90. The business’s 50-day simple moving average is $57.54 and its 200 day simple moving average is $69.47. The stock has a market cap of $587.26 million, a P/E ratio of 12.62 and a beta of 0.94.

Johnson Outdoors (NASDAQ:JOUT) last released its earnings results on Friday, August 2nd. The company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.13). Johnson Outdoors had a net margin of 7.74% and a return on equity of 14.40%. The firm had revenue of $176.25 million during the quarter, compared to analyst estimates of $176.30 million. Equities analysts expect that Johnson Outdoors will post 4.53 EPS for the current year.

A number of research analysts have recently weighed in on JOUT shares. Zacks Investment Research lowered Johnson Outdoors from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Sidoti lowered Johnson Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $102.00 to $80.00 in a research report on Monday, July 15th. BidaskClub upgraded shares of Johnson Outdoors from a “strong sell” rating to a “sell” rating in a report on Friday. ValuEngine raised shares of Johnson Outdoors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Imperial Capital reduced their price target on shares of Johnson Outdoors from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Johnson Outdoors currently has an average rating of “Hold” and an average target price of $79.00.

In other Johnson Outdoors news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $60.39, for a total transaction of $60,390.00. Following the sale, the chief financial officer now directly owns 13,958 shares of the company’s stock, valued at approximately $842,923.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.60% of the stock is currently owned by corporate insiders.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company's Fishing segment offers electric motors for trolling or primary propulsion, 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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Dividend History for Johnson Outdoors (NASDAQ:JOUT)

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