HAWKINS, INC. INCREASES QUARTERLY CASH DIVIDEND BY 5%, APPROVES 2-FOR-1 STOCK SPLIT
January 28 2021 - 4:10PM
The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN), at
its meeting on January 28, 2021, declared a quarterly cash dividend
of $0.2450 per share payable February 26, 2021, to shareholders of
record at the close of business on February 12, 2021. Hawkins
has consistently paid out a dividend since 1985.
The Company’s Board of Directors also approved a two-for-one
split of the Company’s stock. The record date for the split
is February 19, 2021, and the distribution date is expected to be
March 1, 2021. The split will increase the number of
outstanding shares from approximately 10.6 million shares to
approximately 21.2 million shares.
“This stock split, coupled with another increase in our cash
dividend, reflects our confidence in the Company’s future growth
potential,” said Patrick H. Hawkins, Chief Executive Officer and
President. “We believe an increase in total shares
outstanding will increase liquidity and broaden the market for the
Company’s stock and widen its distribution.”
About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading specialty
chemical company that distributes, blends and manufactures
chemicals and other specialty ingredients for its Industrial, Water
Treatment, and Health & Nutrition customers.
Headquartered in Roseville, Minnesota, and with 46 facilities in 21
states, the Company creates value for its customers through superb
customer service and support, quality products and personalized
applications. Hawkins, Inc. generated $540 million of revenue
in fiscal 2020 and has approximately 700 employees. For more
information, including registering to receive email alerts, please
visit www.hawkinsinc.com/investors.
Contacts:
Jeffrey P. Oldenkamp
Executive Vice President and Chief Financial Officer
612/617-8571
Jeff.Oldenkamp@HawkinsInc.com
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