Hawkins hikes dividend by 6.1%

Hawkins Inc. (HWKN) will raise its quarterly dividend by another 6.1 percent to 13 cents per share in 2021. This follows a dividend hike of 5.4 percent to 24.5 cents per share in 2021 by the chemicals maker. Hawkins has now raised the dividend 17 straight years.

This next dividend is payable August 27, 2021, to shareholders of record at the close of business on August 13, 2021. A new annualized dividend rate of 52 cents per share yields 1.4% at a stock price of $36. The next ex-dividend date for HWKN is August 12.

Hawkins, Inc. distributes, blends and manufactures bulk and specialty chemicals and other health and nutrition products for its customers in a wide variety of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Hawkins has paid cash dividends since 1985.