Johnson Outdoors raises dividend by 23.5%

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Johnson Outdoors Inc. said Friday that it is raising its quarterly dividend on its Class A shares by 23.5%, to 21 cents a share from 17 cents. The outdoor recreation products seller said the new dividend will be payable Oct. 23 to shareholders of record on Oct. 9. Based on Thursday’s stock closing price of $80.36, the new annual dividend rate implies a dividend yield of 1.05%, compared with the implied yield for the S&P 500 of 1.74%. The stock, which is still inactive in premarket trading, has gained 4.8% year to date, while the S&P 500 has edged up 0.5%.
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