Johnson Outdoors Inc. announced approval by its board of directors of a quarterly cash dividend of 12 cents per class A share and $0.1091 per class B share–a 20 percent increase from the previous dividend rate announced on December 8, 2017.

“This dividend increase is the result of the recent tax legislation, our strong balance sheet and our continued confidence in our business performance and strategic plan,” said David W. Johnson, vice president and chief financial officer.

The quarterly cash dividend is payable on April 26, 2018 to shareholders of record at the close of business on April 12, 2018.

Johnson Outdoors’ brands run 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.