Hawkins, Inc. Announces Quarterly Dividend of $0.19 (NASDAQ:HWKN)

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.19 per share by the specialty chemicals company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th.

Hawkins has increased 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 dividend payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hawkins to earn $4.35 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 17.5%.

Hawkins Stock Down 4.0%

Shares of HWKN opened at $161.83 on Thursday. The firm has a market cap of $3.38 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. The company’s fifty day moving average is $153.61 and its two-hundred day moving average is $146.15. Hawkins has a fifty-two week low of $115.35 and a fifty-two week high of $186.15. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. Hawkins had a net margin of 7.75% and a return on equity of 16.85%. Analysts forecast that Hawkins will post 3.91 earnings per share for the current year.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.