Johnson Outdoors Inc. (JOUT) To Go Ex-Dividend on July 16th

Johnson Outdoors Inc. (NASDAQ:JOUT) announced a quarterly dividend on Friday, May 29th. Shareholders of record on Thursday, July 16th will be given a dividend of 0.33 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend 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 increased its dividend annually for the last 11 consecutive years. Johnson Outdoors has a dividend payout ratio of 52.8% meaning 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 Price Performance

Johnson Outdoors stock opened at $44.76 on Friday. Johnson Outdoors has a 1-year low of $26.40 and a 1-year high of $53.54. The stock has a market cap of $469.08 million, a PE ratio of -29.45, a P/E/G ratio of 4.26 and a beta of 0.89. The stock’s fifty day moving average is $47.70 and its two-hundred day moving average is $45.58.

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. Johnson Outdoors had a positive return on equity of 2.52% and a negative net margin of 2.33%.The company had revenue of $194.48 million for the quarter, compared to analysts’ expectations of $185.09 million. On average, research analysts expect that Johnson Outdoors will post 0.75 earnings per share for the current fiscal year.

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.