Johnson Outdoors Increases Dividends for Class A and B Holders

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Johnson Outdoors ($NASDAQ:JOUT) has increased its quarterly dividend for both Class A and Class B holders. The Class A dividend has been increased by 3.3% to $0.31 per share, while the Class B dividend has been increased by the same amount to $0.2818 per share. This is a positive sign for shareholders, as the company is committed to returning value to its investors.

Dividends

“We are pleased to increase our dividend for the fourth consecutive year,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer of Johnson Outdoors. “Our strong balance sheet and cash flow generation continue to provide the flexibility to invest in our growth initiatives while returning cash to shareholders.” Johnson Outdoors Inc. is a leading global outdoor recreation company that designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Marine Electronics, Diving, Watercraft and Outdoor Equipment. The Company has a diversified portfolio of well-recognized brands that provide unique solutions for outdoor recreationists worldwide.

Price History

On Thursday, shares of Johnson Outdoors Inc. opened at $51.90 and closed at $52.00. The stock has been on a bit of a roller coaster ride over the past month or so. Investors appear to be a bit divided on Johnson Outdoors right now. Some are bullish on the company’s long-term prospects, citing its strong brands and solid financial position. Others are worried about slowing growth and competitive pressures in the outdoor recreation market.

However, the company does have a strong balance sheet and is expected to grow earnings at a decent clip over the next few years. As such, it could be worth a closer look for long-term investors.

VI Analysis

JOHNSON OUTDOORS is a strong company with a good track record of paying out consistent and sustainable dividends. It is classified as a ‘cow’ according to the VI Star Chart, which means it is a low-risk company that is capable of riding out any crisis without the risk of bankruptcy. The company has a high health score of 8/10, which is based on its cashflows and debt, and is therefore capable of weathering any storm.

Summary

“We are very pleased to once again increase our dividend, which reflects our strong confidence in the long-term growth prospects for our business,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer of Johnson Outdoors. Johnson Outdoors is a diversified global outdoor recreation company that designs, manufactures and markets a portfolio of leading outdoor brands.