RACINE, Wis., Sept. 29, 2017 (GLOBE NEWSWIRE) -- 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 $0.010 per Class A share and $0.0909 per Class B share – an 11.1% increase from the dividend rates declared in previous
quarters.
“We have paid off our debt and continue to add to our healthy cash position. This dividend increase 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 27, 2017 to shareholders of record at the close of business on October 13,
2017.
ABOUT JOHNSON
OUTDOORS INC.
JOHNSON OUTDOORS is a leading global outdoor recreation
company that inspires more people to experience the awe of the great outdoors with innovative, top-quality products. 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 changes in economic conditions, consumer confidence
levels and discretionary spending patterns in key markets; the Company’s success in implementing its strategic plan, including its
targeted sales growth platforms and focus on innovation; litigation costs related to actions of and disputes with third parties,
including competitors; the Company’s continued success in working capital management and cost-structure reductions; the Company’s
ongoing success in meeting financial covenants in its credit agreements with its lenders; the Company’s success in integrating
strategic acquisitions; the risk of future writedowns 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 used by the Company; the success 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; adverse weather conditions; and other risks and
uncertainties identified in the Company’s filings with the Securities and Exchange Commission. 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 press release and the Company undertakes no obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances.
At Johnson Outdoors
Inc.
David Johnson
VP & Chief Financial Officer
262-631-6600
Patricia Penman
VP – Global Marketing Services & Communication
262-631-6600
