Published on 6 Apr 2024 on Simply Wall St. via Yahoo Finance
Do These 3 Checks Before Buying Johnson Outdoors Inc. (NASDAQ:JOUT) For Its Upcoming Dividend
It looks like Johnson Outdoors Inc. (NASDAQ:JOUT) is about to go ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Johnson Outdoors' shares on or after the 10th of April will not receive the dividend, which will be paid on the 25th of April.
The company's upcoming dividend is US$0.33 a share, following on from the last 12 months, when the company distributed a total of US$1.32 per share to shareholders. Based on the last year's worth of payments, Johnson Outdoors stock has a trailing yield of around 2.9% on the current share price of US$45.16. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Johnson Outdoors