Johnson Outdoors (JOUT) will raise its quarterly dividend by another 16.7 percent to $0.14 per share in the fourth quarter of 2018.

Earlier this year JOUT already hiked its dividend by 20 percent tot 12 cents per share quarterly.

The quarterly cash dividend is payable on October 24, 2018 to shareholders of record at the close of business on October 10, 2018. The new annual dividend yields 0.6% at a stock price of $93.33 for JOUT.

“This dividend increase reflects our confidence in our business performance and 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.