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

Hawkins, Inc. (NASDAQ:HWKN) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders 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 yield of 0.67%. The ex-dividend date of this dividend is Friday, November 15th.

Hawkins has raised its dividend payment by an average of 10.1% annually 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 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

HWKN stock traded up $0.31 during midday trading on Friday, reaching $107.21. 7,488 shares of the company’s stock traded hands, compared to its average volume of 127,576. Hawkins has a 52-week low of $53.64 and a 52-week high of $135.61. The stock’s 50-day moving average is $123.14 and its 200 day moving average is $103.51. The stock has a market cap of $2.24 billion, a P/E ratio of 27.34, a PEG ratio of 3.91 and a beta of 0.74. The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data 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 company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a return on equity of 20.08% and a net margin of 8.74%. As a group, analysts anticipate that Hawkins will post 4.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 price target on shares of Hawkins in a 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.