Hawkins, Inc. (HWKN) to Issue Quarterly Dividend of $0.18 on November 29th

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.18 per share by the specialty chemicals company on Friday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, November 15th.

Hawkins has increased its dividend by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Hawkins has a dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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

Shares of HWKN stock opened at $126.67 on Wednesday. The firm has a 50-day moving average of $121.71 and a 200-day moving average of $106.27. The company has a market cap of $2.65 billion, a P/E ratio of 32.40, a P/E/G ratio of 4.38 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 one year low of $54.44 and a one year high of $135.61.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate 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 net margin of 8.74% and a return on equity of 19.64%. Equities research analysts forecast that Hawkins will post 4.12 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hawkins Company Profile

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.