Hawkins, Inc. (NASDAQ:HWKN) Plans $0.18 Quarterly Dividend

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.18 per share by the specialty chemicals company on Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, November 15th.

Hawkins has raised its dividend by an average of 10.1% per year over the last three years and has raised its dividend every year for the last 20 years. Hawkins has a payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Hawkins to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 16.9%.

Hawkins Stock Performance

Hawkins stock opened at $125.17 on Thursday. The stock’s 50-day moving average is $121.76 and its 200-day moving average is $106.40. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 4.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins has a 12 month low of $54.44 and a 12 month high of $135.61.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The firm had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities analysts anticipate that Hawkins will post 4.12 earnings per share for the current year.

Analyst Ratings Changes

Separately, BWS Financial restated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.