Johnson Outdoors (JOUT) Raises Quarterly Dividend 20% to $0.12; 0.8% Yield
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Johnson Outdoors Announces 20 Percent Increase in Cash Dividend
March 2, 2018 5:00 PM ESTRACINE, Wis., March 02, 2018 (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 $0.12 per Class A share and $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.
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