Johnson Outdoors Announces Increase in Cash Dividend
RACINE, Wisconsin, October 01, 2021 (GLOBE NEWSWIRE) – Johnson Outdoors Inc. (Nasdaq: JOUT), one of the world’s leading innovators in outdoor recreation equipment and technology, today announced the approval by its board of directors of a 43% increase in its quarterly cash dividend. Class A shareholders will now receive a dividend of $ 0.30 per share and Class B shareholders a dividend of $ 0.2727 per share.
“Johnson Outdoors’ balance sheet remains strong and the increase in dividend reflects our confidence in our business performance and strategic plans,” said David W. Johnson, vice president and chief financial officer.
The quarterly cash dividend is payable on October 29, 2021 to shareholders of record at the close of business on October 15, 2021.
About Johnson Outdoors Inc.
JOHNSON OEXTERIORS is one of the world’s leading innovators in outdoor recreation equipment and technology that inspires more people to experience the great outdoors. The company designs, manufactures and markets a portfolio of winning and preferred brands by consumers in four categories: water sports, fishing, diving and camping. Iconic Johnson Outdoors brands include: Old Town® canoes and kayaks; Ocean Kayak ™; Carlisle® paddles; Minn Kota® fishing motors, batteries and anchors; Cannon® downriggers; Humming-bird® electronic and nautical charts; SCUBAPRO® diving equipment; Jetboil® outdoor cooking systems; and, Eureka!® camping and hiking equipment.
Visit Johnson Outdoors at http://www.johnsonoutdoors.com
Safe Harbor Declaration
Certain matters discussed in this press release are “forward-looking statements” intended to benefit from the rules of protection against liability established by the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact are considered to be statements. prospective. These statements may be identified by the use of forward-looking words or expressions such as “anticipate”, “believe”, “” “, which could cause actual results to differ materially from those currently expected. Factors likely to affect results or actual results include the matters described under the heading “Risk Factors” in Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission on December 11, 2020, and the following: changes in economic conditions, consumer confidence levels and discretionary spending patterns in key markets; uncertainties arising from political instability (and its impact on economies in the jurisdictions in which the Company operates), changes in US trade policies, tariffs, and the reaction of other countries to such changes; global epidemics, such as the COVID-19 pandemic, which have affected and may continue to affect market and economic conditions, as well as the timing, prices and continued availability of raw materials and components in our supply chain supply, as well as wide and varied impacts on employees, customers and various aspects of our operations; the Company’s success in implementing its strategic plan, including its targeted sales growth platforms, its focus on innovation and its growing digital presence; litigation costs related to actions and disputes with third parties, including competitors; the continued success of the company in managing its working capital and reducing its cost structure; the Company’s success in integrating strategic acquisitions; the risk of future impairment of goodwill or other long-lived assets; the ability of the Company’s customers to meet their payment obligations; the impact of the actions of the Company’s competitors with regard to the development or improvement of products or the introduction of new products on the Company’s markets; fluctuations in foreign currencies, interest rates or raw material costs; fluctuations in the prices of raw materials or the availability of raw materials or components used by the Company; any disruption in the Company’s supply chain due to significant fluctuations in the Company’s order volumes and the need for raw materials and other components necessary for the manufacture and production of the Company’s products; the success of the Company’s suppliers and customers and the impact of any consolidation in the industries of the Company’s suppliers and customers; the Company’s ability to successfully deploy its capital; unanticipated results associated with the outsourcing of certain manufacturing processes; unanticipated outcomes related to litigation; and adverse weather conditions. Shareholders, potential investors and other readers are urged to take these factors into account in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are made only as of the date of this filing. The Company assumes no obligation, and disclaims any obligation, to update these forward-looking statements to reflect subsequent events or circumstances.
|At JOhnson Ooutside INC.|
|DPassionate Johnson||Patricia penman|
|Vice President and Chief Financial Officer||Vice President – Global Marketing and Communications Services|