HNI Corporation (NYSE:HNI – Get Free Report) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Monday, March 2nd will be given a dividend of 0.34 per share by the business services provider on Wednesday, March 11th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, March 2nd.
HNI has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. HNI has a payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect HNI to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 33.9%.
HNI Trading Up 0.4%
Shares of NYSE:HNI opened at $50.26 on Wednesday. HNI has a 1 year low of $38.03 and a 1 year high of $53.29. The business’s 50 day moving average price is $45.73 and its 200-day moving average price is $44.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.94.
HNI Company Profile
HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.
In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.
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