Hawkins, Inc. Announces Quarterly Dividend of $0.16 (NASDAQ:HWKN)

Hawkins, Inc. (NASDAQ:HWKN - Get Free Report) announced a quarterly dividend on Wednesday, May 15th, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.16 per share by the specialty chemicals company on Friday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, May 31st.

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 19 consecutive years.

Hawkins Trading Up 1.9 %

HWKN traded up $1.55 during trading on Friday, hitting $85.25. The company's stock had a trading volume of 130,948 shares, compared to its average volume of 135,980. The firm has a market capitalization of $1.79 billion, a P/E ratio of 23.35 and a beta of 0.76. Hawkins has a twelve month low of $43.86 and a twelve month high of $86.26. The company has a quick ratio of 1.58, a current ratio of 2.45 and a debt-to-equity ratio of 0.28. The stock's fifty day moving average price is $76.20 and its 200-day moving average price is $69.29.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HWKN shares. BWS Financial raised their target price on Hawkins from $74.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com downgraded Hawkins from a "buy" rating to a "hold" rating in a report on Friday, February 9th.

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.