Johnson Outdoors (JOUT) will raise its quarterly dividend by another 21.4 percent to $0.17 per share in 2019. Last year the outdoor recreation products maker hiked its dividend twice (+40 pct).

The quarterly cash dividend is payable on October 25, 2019, to shareholders of record at the close of business on October 11, 2019. A new annual rate of $0.68 per share yields 1.2% at a stock price of $58.63.

“Johnson Outdoors’ balance sheet remains strong, and the 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.