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RACINE, Wis. - Johnson Outdoors Inc. (NASDAQ:JOUT), a global provider of outdoor recreation equipment, announced on Monday that its Board of Directors has approved a quarterly cash dividend. Shareholders of Class A stock will receive $0.33 per share, and Class B stockholders will be granted $0.30 per share. The dividend is scheduled to be paid on April 24, 2025, to those on the company’s books as of the close of business on April 10, 2025. According to InvestingPro data, the company has maintained dividend payments for 13 consecutive years, with the current annual dividend yield standing at 4.84%.
The company, known for its diverse portfolio of brands that cater to outdoor activities such as watercraft recreation, fishing, diving, and camping, has a history of paying dividends to its shareholders. Notable brands under the Johnson Outdoors umbrella include Old Town canoes and kayaks, Minn Kota trolling motors, Humminbird marine electronics, SCUBAPRO dive equipment, and Jetboil outdoor cooking systems. InvestingPro analysis indicates the stock is currently trading near its 52-week low of $27.10, with a strong balance sheet showing a current ratio of 4.23 and more cash than debt.
The announcement comes amidst a broader economic landscape where consumer spending patterns and confidence levels are influenced by various factors, including political instability and trade policy changes. The company has previously highlighted its strategic initiatives aimed at fostering sales growth, innovation, and an expanding digital presence. Recent InvestingPro data shows revenue declined by 9.98% over the last twelve months, with analysts forecasting continued challenges ahead. For deeper insights into Johnson Outdoors’ financial health and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
Johnson Outdoors’ forward-looking statements in their press release caution that actual results could vary due to risks and uncertainties, including changes in market conditions, consumer spending, and the impact of global events such as pandemics on the economy and operations.
Investors are reminded that these forward-looking statements are based on current expectations and are subject to change. The company does not undertake any obligation to update these statements in light of new information or future events.
This dividend declaration by Johnson Outdoors is based on a press release statement and reflects the company’s ongoing commitment to providing value to its shareholders. As investors look to the April 24 payout date, they will be considering the company’s performance in light of the various external factors that could influence market conditions and consumer behavior in the outdoor recreation industry.
In other recent news, Johnson Outdoors Inc. reported disappointing financial results for the first quarter of 2025, missing both earnings per share (EPS) and revenue expectations. The company posted an EPS of -$1.49, significantly below the anticipated -$0.15, and revenue of $107.65 million, falling short of the forecasted $133.92 million. Despite these setbacks, the company remains debt-free and continues to pay dividends. Johnson Outdoors also completed a $14 million acquisition of a diving equipment supplier in South Africa, aimed at enhancing manufacturing efficiency and innovation capabilities. Analyst firms have not made any recent upgrades or downgrades, but the company faces ongoing market challenges, including supply chain disruptions and competitive pressures. The company is focusing on strategic priorities like innovation and e-commerce development to navigate these difficulties. Johnson Outdoors has acknowledged the challenging market conditions and does not expect a recovery in the second quarter. The company is working on cost-saving measures and maintaining a strong financial position to support long-term growth.
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