Johnson Outdoors Inc. (NASDAQ:JOUT – Get Rating) announced a quarterly dividend on Thursday, May 26th, Zacks reports. Investors of record on Thursday, July 14th will be paid a dividend of 0.30 per share on Thursday, July 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, July 13th.
Johnson Outdoors has raised its dividend by an average of 25.2% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Johnson Outdoors has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings.
Shares of JOUT stock opened at $64.18 on Friday. Johnson Outdoors has a twelve month low of $54.55 and a twelve month high of $125.80. The company has a market cap of $652.58 million, a P/E ratio of 11.56 and a beta of 0.83. The business has a fifty day simple moving average of $74.53 and a 200 day simple moving average of $85.92.
In other news, CFO David W. Johnson sold 1,000 shares of the stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $80.08, for a total value of $80,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.69% of the company’s stock.
Several hedge funds have recently bought and sold shares of JOUT. First Trust Advisors LP lifted its holdings in shares of Johnson Outdoors by 147.6% in the first quarter. First Trust Advisors LP now owns 110,968 shares of the company’s stock valued at $8,626,000 after purchasing an additional 66,158 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Johnson Outdoors by 241.9% in the 1st quarter. Morgan Stanley now owns 36,008 shares of the company’s stock worth $2,258,000 after buying an additional 25,477 shares during the last quarter. Norges Bank bought a new position in Johnson Outdoors during the fourth quarter valued at about $1,731,000. BlackRock Inc. grew its position in Johnson Outdoors by 3.1% during the fourth quarter. BlackRock Inc. now owns 457,606 shares of the company’s stock valued at $42,873,000 after buying an additional 13,856 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Johnson Outdoors by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 575,270 shares of the company’s stock valued at $44,717,000 after buying an additional 9,702 shares during the period. Institutional investors own 63.63% of the company’s stock.
Several equities analysts have commented on JOUT shares. StockNews.com downgraded Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. TheStreet cut Johnson Outdoors from a “b-” rating to a “c+” rating in a research note on Friday, May 13th.
About Johnson Outdoors (Get Rating)
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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