Johnson Outdoors Announces Cash Dividend
01 Mars 2024 - 12:00AM
Johnson Outdoors Inc. (Nasdaq: JOUT), a leading
global innovator of outdoor recreation equipment and
technology, today announced approval by its Board of Directors of a
quarterly cash dividend of $0.33 per Class A share and $0.30 per
Class B share.
The quarterly cash dividend is payable on April 25, 2024, to
shareholders of record at the close of business on April 11,
2024.
About Johnson Outdoors
Inc.JOHNSON
OUTDOORS is a leading global
innovator of outdoor recreation equipment and technologies that
inspire more people to experience the awe of the great outdoors.
The company designs, manufactures and markets a portfolio of
winning, consumer-preferred brands across four categories:
Watercraft Recreation, Fishing, Diving and Camping. Johnson
Outdoors' iconic brands include: 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.
Visit Johnson Outdoors at
http://www.johnsonoutdoors.com
Safe Harbor StatementCertain matters discussed
in this press release are “forward-looking statements,” intended to
qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. Statements other
than statements of historical fact are considered forward-looking
statements. These statements may be identified by the use of
forward-looking words or phrases such as "anticipate,'' "believe,''
"confident," "could,'' "expect,'' "intend,'' "may,'' "planned,''
"potential,'' "should,'' "will,'' "would'' or the negative of those
terms or other words of similar meaning. Such forward-looking
statements are subject to certain risks and uncertainties, which
could cause actual results or outcomes to differ materially from
those currently anticipated. Factors that could affect actual
results or outcomes include the matters described under the caption
“Risk Factors” in Item 1A of the Company’s Form 10-K filed with the
Securities and Exchange Commission on December 8, 2023, and the
following: changes in economic conditions, consumer confidence
levels and discretionary spending patterns in key markets;
uncertainties stemming from political instability (and its impact
on the economies in jurisdictions where the Company has
operations), uncertainties stemming from changes in U.S. trade
policies, tariffs, and the reaction of other countries to such
changes; the global outbreaks of disease, such as the COVID-19
pandemic, which has affected, and may continue to affect, market
and economic conditions, along with wide-ranging 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, innovation focus and its
increasing digital presence; litigation costs related to actions of
and disputes with third parties, including competitors; the
Company’s continued success in its working capital management and
cost-structure reductions; the Company’s success in integrating
strategic acquisitions; the risk of future write-downs of goodwill
or other long-lived assets; the ability of the Company’s customers
to meet payment obligations; the impact of actions of the Company’s
competitors with respect to product development or enhancement or
the introduction of new products into the Company’s markets;
movements in foreign currencies, interest rates or commodity costs;
fluctuations in the prices of raw materials or the availability of
raw materials or components used by the Company; any disruptions in
the Company’s supply chain as a result of material fluctuations in
the Company’s order volumes and requirements for raw materials and
other components, or the demand for those same raw materials and
components by third parties, necessary to manufacture and produce
the Company’s products including related to shortages in procuring
necessary raw materials and components to manufacture and produce
such 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 ability of the Company to
deploy its capital successfully; unanticipated outcomes related to
outsourcing certain manufacturing processes; unanticipated outcomes
related to litigation matters; and adverse weather conditions.
Shareholders, potential investors and other readers are urged to
consider these factors in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements included
herein are only made as of the date of this filing. The Company
assumes no obligation, and disclaims any obligation, to update such
forward-looking statements to reflect subsequent events or
circumstances.
At
Johnson
Outdoors
Inc.David
JohnsonVP & Chief Financial Officer262-631-6600 |
Patricia PenmanVP – marketing services &
global communications262-631-6600 |
Johnson Outdoors (NASDAQ:JOUT)
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