Johnson Outdoors (JOUT) Declares $0.09 Quarterly Dividend; 1% Yield
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Johnson Outdoors Announces Increase in Cash Dividend
September 29, 2016 5:00 AM EDTRACINE, Wis., Sept. 29, 2016 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq: JOUT), a global leader in innovative outdoor recreation equipment products, today announced approval by its Board of Directors of a quarterly cash dividend of $0.090 per Class A share and $0.082 per Class B share a 12.5% increase from the dividend rates declared in previous quarters.
We have continued to pay down our debt and add to our healthy cash position. This dividend increase reflects our confidence in our business performance and strategic plans, said David W. Johnson, Vice President and Chief Financial Officer.
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