Hawkins, Inc. (NASDAQ:HWKN) to Issue Quarterly Dividend of $0.18

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks 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 0.68%. The ex-dividend date of this dividend is Friday, November 15th.

Hawkins has raised its dividend by an average of 10.1% 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 16.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hawkins to earn $4.61 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 15.6%.

Hawkins Stock Performance

Shares of HWKN traded down $0.50 during mid-day trading on Friday, hitting $106.40. The stock had a trading volume of 152,736 shares, compared to its average volume of 128,262. The company has a market cap of $2.22 billion, a PE ratio of 27.21, a PEG ratio of 3.91 and a beta of 0.74. The company's fifty day simple moving average is $122.48 and its two-hundred day simple moving average is $103.73. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. Hawkins has a fifty-two week low of $53.64 and a fifty-two week high of $135.61.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued 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). Hawkins had a return on equity of 20.08% and a net margin of 8.74%. The firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. On average, equities analysts expect that Hawkins will post 4.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a "neutral" rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday.

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.