Johnson Outdoors (JOUT) will raise its quarterly dividend by 12.5 percent to $0.09 per share in the fourth quarter of 2016. The cash dividend of 9 cents per share for Class A shares and 8.2 cents per share for Class B shares will be payable Oct. 27 to shareholders of record Oct. 13.

“We have continued to pay down our debt and add to our healthy cash position,” said David Johnson, vice president and chief financial officer. “This dividend increase reflects our confidence in our business performance and strategic plans.”

Last year Johnson Outdoors raised its dividend by 6.7%. The new quarterly dividend of $0.09 per share translates into an estimated dividend yield of 1%.

On August 4th Vice President and Chief Financial Officer David W. Johnson already stated that "The balance sheet is strong and our healthy cash position enables us to continue to invest in future growth strategies and platforms while continuing to pay cash dividends to our investors."

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.