Johnson Outdoors Announces Cash Dividend
31 May 2019 - 8:00PM
Johnson Outdoors Inc. (Nasdaq:JOUT), a global
leader in innovative outdoor recreation equipment products, today
announced approval by its Board of Directors of a quarterly cash
dividend of $0.14 per Class A share and $0.1273 per Class B share.
The quarterly cash dividend is payable on July 25, 2019, to
shareholders of record at the close of business on July 11,
2019.
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 Statement
Certain 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 which was
filed with the Securities and Exchange Commission on December 7,
2018, and the following: changes in economic conditions, consumer
confidence levels and discretionary spending patterns in key
markets; uncertainties stemming from changes in U.S. trade
policies, tariffs, and the reaction of other countries to such
changes; 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;
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 necessary to manufacture and produce 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 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 Johnson |
Patricia Penman |
VP & Chief Financial Officer |
VP – Marketing Services & Global
Communications |
262-631-6600 |
262-631-6600 |
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