Hawkins, Inc. (HWKN) To Go Ex-Dividend on November 15th

Hawkins, Inc. (NASDAQ:HWKN) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, November 15th.

Hawkins has raised its dividend payment 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 payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.8 %

Shares of HWKN stock traded down $0.90 during mid-day trading on Friday, reaching $106.00. 16,544 shares of the stock traded hands, compared to its average volume of 127,620. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.91 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $123.14 and its two-hundred day simple moving average is $103.51. Hawkins has a 1-year low of $53.64 and a 1-year high of $135.61.

Hawkins (NASDAQ:HWKN) last posted 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 business had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. On average, research analysts anticipate that Hawkins will post 4.28 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.