Johnson Outdoors, Inc.’s Board of Directors approved an increased quarterly cash dividend of 33 cents per Class A share and 30 cents per Class B share.

The payout rate had been 31 cents per Class A share and 28.2 cents per Class B share.

“Johnson Outdoors’ balance sheet remains strong and debt-free. This dividend increase reflects our continued confidence in our business and our strategic plans,” said David W. Johnson, vice president and chief financial officer.

The quarterly cash dividend is payable on October 27, 2023, to shareholders of record at the close of business on October 13, 2023.