Hawkins, Inc. (HWKN) to Issue Quarterly Dividend of $0.19 on June 12th

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

Hawkins has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 20 years. Hawkins has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hawkins to earn $4.75 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 16.0%.

Hawkins Price Performance

Shares of HWKN opened at $156.57 on Friday. The business’s 50-day moving average is $153.71 and its two-hundred day moving average is $146.08. The company has a market capitalization of $3.27 billion, a P/E ratio of 40.04, a P/E/G ratio of 3.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.35. Hawkins has a fifty-two week low of $117.98 and a fifty-two week high of $186.15.

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 the consensus estimate of $0.76 by ($0.02). The company had revenue of $265.91 million for the quarter, compared to analyst estimates of $255.28 million. Hawkins had a return on equity of 16.32% and a net margin of 7.53%. Research analysts predict that Hawkins will post 4.35 earnings per share for the current year.

Hawkins Company Profile

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.