Johnson Outdoors (JOUT) Raises Quarterly Dividend 20% to $0.12; 0.8% Yield

March 5, 2018 5:40 AM EST

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Johnson Outdoors (NASDAQ: JOUT) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.10.

The dividend will be payable on April 26, 2018, to stockholders of record on April 12, 2018, with an ex-dividend date of April 11, 2018.

The annual yield on the dividend is 0.8 percent.

Board of Directors also approved $0.1091 per Class B share – an 20% increase from the previous dividend rate announced on December 8, 2017.

“This dividend increase is the result of the recent tax legislation, our strong balance sheet and our continued confidence in our business performance and strategic plan,” said David W. Johnson, Vice President and Chief Financial Officer.

For a dividend history and other dividend-related data on Johnson Outdoors (JOUT) click here.

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