Hawkins (HWKN) will raise its dividend by 2.3 percent to $0.225 per share quarterly. Previously the company had paid a semi-annual dividend of $0.44 per share.

At its meeting on August 2, 2018, Hawkins voted to approve the payment of quarterly cash dividends in the future, as opposed to paying semi-annual dividends as had been its practice. The change will result in a more consistent quarterly cashflow for the Company and more frequent return to shareholders. In these regards, the Board declared a quarterly cash dividend of $0.225 per share payable August 31, 2018, to shareholders of record at the close of business on August 17, 2018. The next dividend is expected to occur in November 2018.

At a stock price of $41.40 the new annual dividend of 90 cents per share yields 2.2%.

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.