Hawkins, Inc. (NASDAQ:HWKN – Get Free Report) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.20 per share by the specialty chemicals company on Wednesday, November 25th. This represents a $0.80 annualized dividend and a dividend 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 payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 20 years. Hawkins has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hawkins to earn $4.80 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 16.7%.
Hawkins Trading Up 13.6%
NASDAQ:HWKN opened at $153.85 on Wednesday. The stock has a 50 day moving average of $126.89 and a two-hundred day moving average of $143.17. Hawkins has a 12 month low of $116.04 and a 12 month high of $174.12.
Hawkins (NASDAQ:HWKN – Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The specialty chemicals company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The firm had revenue of $313.82 million during the quarter, compared to analysts’ expectations of $302.70 million. On average, sell-side analysts expect that Hawkins will post 4.07 earnings per share for the current fiscal 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.
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