On May 25, 2023, Johnson Outdoors Inc’s board of directors declared a regular quarterly dividend of $0.31 per share or $1.24 annually. The company previously paid $0.31 per share.
To qualify for the dividend, shares must be purchased before the ex-div date of July 12, 2023. Shareholders of record as of July 13, 2023, will receive the payment on July 27, 2023.
The current dividend yield, with a share price of $59.35, is 2.09%. Over the past five years, the average dividend yield has been 1.12%, with a range of 0.46% to 2.59%. The standard deviation of yields is 0.52 (n=236). The current dividend yield is 1.86 standard deviations above the historical average.
Johnson Outdoors Inc’s dividend payout ratio is 0.28, indicating that 28% of its income is paid out in dividends. A ratio above one means the company is using savings to pay dividends, which is not ideal. A ratio between 0.5 and 1.0 is typical of companies with few growth prospects, and a ratio between zero and 0.5 is normal for companies with good growth prospects that hold back earnings for future investment.
Johnson Outdoors Inc has demonstrated a 3-year dividend growth rate of 0.82%, proving that it has increased its dividend over time.
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What is the Fund Sentiment?
Johnson Outdoors Inc’s ownership has decreased by 0.32% over the past quarter, with 316 funds or institutions reporting positions in the company. The average portfolio weight of all funds dedicated to JOUT is 0.13%, which has increased by 41.71%. The total shares owned by institutions over the past three months have fallen by 4.90% to 7,063K shares.
Analyst Price Forecast Indicates 89.05% Upside
The average one-year price target for Johnson Outdoors Inc is $112.20, with forecasts ranging from a low of $111.10 to a high of $115.50. This represents an 89.05% increase over its latest reported closing price of $59.35.
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The projected annual revenue for Johnson Outdoors Inc is $733MM, a decrease of 6.12%. The projected annual non-GAAP EPS is $4.66.
What are Other Shareholders Doing?
Johnson Financial Group holds 1,632K shares, representing 16.06% ownership of Johnson Outdoors Inc. The firm increased its portfolio allocation in JOUT by 88,546.26% over the past quarter. Renaissance Technologies holds 264K shares, representing 2.59% ownership of the company. The firm increased its portfolio allocation in JOUT by 2.20% over the past quarter. DFSVX – U.s. Small Cap Value Portfolio – Institutional Class holds 156K shares representing 1.53% ownership of the company. The firm increased its portfolio allocation in JOUT by 27.67% over the past quarter. Lsv Asset Management holds 156K shares representing 1.53% ownership of the company. The firm decreased its portfolio allocation in JOUT by 9.53% over the past quarter. Hotchkis & Wiley Capital Management holds 153K shares representing 1.51% ownership of the company. The firm decreased its portfolio allocation in JOUT by 1.44% over the past quarter.
Johnson Outdoors Background Information
(This description is provided by the company.)
Johnson Outdoors designs, manufactures, and markets a collection of leading, consumer-preferred brands worldwide. These 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.
Key filings for this company:
This story originally appeared on Fintel.
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