RACINE, Wisc. - Johnson Outdoors Inc. (NASDAQ:JOUT), a leading provider of outdoor recreation equipment, has declared a quarterly cash dividend for both Class A and Class B shares, as confirmed by its Board of Directors. Class A shareholders are set to receive $0.33 per share, while Class B shareholders will get $0.30 per share. The dividend is scheduled for disbursement on April 25, 2024, to shareholders who are on record as of April 11, 2024.
Johnson Outdoors is renowned for its design, manufacture, and marketing of a wide array of outdoor recreation products. The company's portfolio includes several well-known brands such as Old Town canoes and kayaks, Ocean Kayak, Carlisle paddles, Minn Kota fishing motors, batteries and anchors, Cannon downriggers, Humminbird marine electronics and charts, SCUBAPRO dive equipment, Jetboil outdoor cooking systems, and Eureka camping and hiking equipment.
The announcement of the dividend follows the company's adherence to a consistent policy of returning value to its shareholders. It comes amidst various economic challenges and uncertainties, including political instability, trade policy changes, and the ongoing impacts of the COVID-19 pandemic on the market and economic conditions.
Johnson Outdoors has been actively pursuing its strategic plan, focusing on sales growth, innovation, and an increased digital presence. Despite facing risks such as fluctuations in foreign currency, interest rates, commodity costs, and the availability of raw materials, the company continues to manage its working capital and cost structures effectively.
Investors are advised to consider the forward-looking statements with caution, as they involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors that may affect future outcomes include changes in economic conditions, consumer confidence, and discretionary spending patterns, as well as the various risks outlined in the company's Form 10-K filed with the Securities and Exchange Commission on December 8, 2023.
This dividend declaration is based on a press release statement from Johnson Outdoors Inc. and reflects the company's ongoing commitment to share its financial success with its shareholders.
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