Johnson Outdoors (JOUT) will raise its quarterly dividend by 3.3% to $0.31 quarterly per share. This follows a dividend hike of 42.9% by JOUT in 2021. The quarterly cash dividend is payable on October 27, 2022, to shareholders of record at the close of business on October 13, 2022.
“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.