Hawkins, Inc. (HWKN) to Distribute Quarterly Dividend of $0.20 on November 25th

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.20 per share by the specialty chemicals company on Wednesday, November 25th. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 5.3% increase from Hawkins’s previous quarterly dividend of $0.19.

Hawkins has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 20 years. Hawkins has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hawkins to earn $4.81 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 16.6%.

Hawkins Stock Down 0.7%

Hawkins stock opened at $150.95 on Friday. The company’s 50-day moving average price is $132.18 and its two-hundred day moving average price is $143.13. The stock has a market cap of $3.14 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.00 and a beta of 0.72. Hawkins has a twelve month low of $116.04 and a twelve month high of $174.12. The company has a quick ratio of 1.46, a current ratio of 2.28 and a debt-to-equity ratio of 0.41.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Monday, October 26th. The specialty chemicals company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The business had revenue of $313.82 million for the quarter, compared to analyst estimates of $302.70 million. Hawkins had a net margin of 7.53% and a return on equity of 15.97%. As a group, analysts expect that Hawkins will post 4.19 EPS for the current year.

About Hawkins

Hawkins, Inc (NASDAQ:HWKN) is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.