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

Johnson Outdoors Inc. (NASDAQ:JOUT) declared a quarterly dividend on Friday, May 29th. 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 2.9%. The ex-dividend date is Thursday, July 16th.

Johnson Outdoors has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Johnson Outdoors has a payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. 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 Down 1.6%

JOUT stock opened at $44.76 on Friday. The firm has a market cap of $469.08 million, a price-to-earnings ratio of -29.45, a PEG ratio of 4.33 and a beta of 0.89. Johnson Outdoors has a 12-month low of $26.40 and a 12-month high of $53.54. The company’s fifty day simple moving average is $47.70 and its 200 day simple moving average is $45.58.

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

Analyst Ratings Changes

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

Johnson Outdoors Company Profile

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.