Johnson Outdoors (JOUT) DIvidends Date & History

Key Takeaways

• Johnson Outdoors (JOUT) offers a current dividend yield of approximately 2.6%, paid quarterly at $0.33 per share for Class A shares.
• Annual dividend stands at $1.32 per share, providing consistent income despite recent earnings losses.
• Payout ratio exceeds 100% based on trailing earnings (EPS TTM -$1.51), raising sustainability concerns in the short term.
• Dividend has shown long-term growth averaging 16% annually over the past 10 years, though flat in recent quarters.
• Cash flow coverage varies; recent periods show mixed free cash flow, but the company maintains strong liquidity with over $100 million in cash.
• Yield aligns with leisure products industry average of about 2.7%.

Dividend Overview

Johnson Outdoors Inc. (JOUT), a leading manufacturer of outdoor recreation products including fishing, camping, and watercraft gear, maintains a modest quarterly dividend policy. The company pays $0.33 per Class A share (and $0.30 per Class B share), equating to an annual dividend of $1.32 per share. This delivers a current yield of around 2.6%, based on recent share prices near $51. Dividends are distributed quarterly, with the most recent ex-dividend date on April 16, 2026, and payment on April 30, 2026. While not a high-yield stock, JOUT fits the profile of a modest dividend payer in the cyclical consumer discretionary sector, prioritizing shareholder returns even amid profitability challenges.

Dividend History and Growth

Johnson Outdoors has a history of quarterly dividends spanning decades, with Class A payments steadily at $0.33 since mid-2023. Prior to that, the dividend saw increases, such as from $0.30 to $0.31 in 2023 and $0.21 in 2021 to $0.30 by 2022. Over the past 10 years, the dividend has grown at an average annual rate of 16%, reflecting a commitment to enhancing payouts during profitable periods. However, recent years show stability rather than growth, with no consecutive annual increases noted recently. The company has avoided cuts in the provided history, maintaining consistency through economic cycles in the leisure products industry.

Dividend Sustainability and Payout Ratio

The dividend's sustainability is mixed. The trailing payout ratio is approximately 272%, as trailing twelve-month earnings per share (EPS) stand at -$1.51, meaning dividends exceed current profits. This negative coverage raises flags, particularly with recent losses. Free cash flow (FCF) coverage also varies; some analyses show cash payout ratios over 80% or even 294% in challenging quarters, though others indicate better coverage at 35-81% when FCF is positive. Johnson Outdoors bolsters stability with $107.9 million in cash and short-term investments as of early 2026, low debt, and a history of paying through downturns. Q2 2026 results showed profitability improvement, with net income of $9.4 million, suggesting potential recovery.

Dividend Compared to Industry Peers

In the leisure products industry, JOUT's 2.6% yield is in line with the sector average of 2.7%. Peers like Polaris (PII) offer higher yields around 4%, driven by larger scale in powersports. Acme United (ACU), another small-cap player, yields about 1.5%. Retail-oriented peers like MarineMax (HZO) pay no dividend (0%), focusing on growth. JOUT's profile is average, appealing to investors seeking balanced income without extreme yields.

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Is This Stock Attractive for Dividend Investors?

Johnson Outdoors (JOUT) may appeal to conservative income investors tolerant of cyclical risks in the outdoor recreation sector. Its steady 2.6% yield and quarterly payments provide reliable cash flow, supported by a decade-long growth track record averaging 16% annually. However, the negative earnings payout ratio and recent losses highlight vulnerability during economic slowdowns affecting discretionary spending. Long-term holders might value the company's strong balance sheet, with ample cash reserves enabling dividend continuity despite FCF fluctuations. Dividend growth seekers may find limited near-term upside given flat recent payouts, but recovery in fishing and camping segments could restore profitability. Overall, JOUT suits portfolios balancing modest yield with potential capital appreciation in a niche market, rather than pure high-yield or aggressive growth strategies.

Disclaimer

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