Hawkins Inc. (HWKN) will raise its quarterly dividend by 5.4 percent to 24.5 cents per share in 2021. This follows a dividend hike of 1.1 percent to $0.2325 per share quarterly in 2020. 

This next dividend is payable February 26, 2021, to shareholders of record at the close of business on February 12, 2021. A new annualized dividend rate of 98 cents per share yields 1.7% at a stock price of $56.26.

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.