Johnson Outdoors hikes dividend by 6.5% to $0.33 quarterly per share

On September 29, 2023, Johnson Outdoors (JOUT) announced a 6.5% dividend hike to $0.33 quarterly per share. This marks the 9th consecutive year of increased dividends by JOUT and comes after a dividend hike of 3.3% in 2022. The 5 yr CAGR now is 18.7%.

The quarterly cash dividend is payable on October 27, 2023, to shareholders of record at the close of business on October 13, 2023. The next ex-dividend date for JOUT will be October 12, 2023 and the dividend yield is 2.37% at a stock price of $55.

“Johnson Outdoors’ balance sheet remains strong and debt free. This dividend increase reflects our continued confidence in our business and our strategic plans,” said David W. Johnson, Vice President and Chief Financial Officer.

Johnson Outdoors Inc. is a manufacturer of outdoor recreation equipment and technologies. The company designs, manufactures and markets a portfolio of brands across four categories: Watercraft Recreation, Fishing, Diving and Camping.  Johnson Outdoors' brands include: Old Town canoes and kayaks; Ocean Kayak; Carlisle paddles; Minn Kota fishing motors, batteries and anchors; Cannon downriggers; Humminbird marine electronics and charts; SCUBAPRO dive equipment; Jetboil outdoor cooking systems; and, Eureka!camping and hiking equipment. Johnson Outdoors reinstated a quarterly dividend in 2013.