HNI Corporation (NYSE:HNI) Plans $0.35 Quarterly Dividend

HNI Corporation (NYSE:HNI) announced a quarterly dividend on Monday, August 17th. Stockholders of record on Friday, August 28th will be paid a dividend of 0.35 per share by the business services provider on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th.

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 34.9% meaning its dividend is sufficiently covered by earnings. Analysts expect HNI to earn $4.87 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 28.7%.

HNI Stock Down 1.4%

Shares of NYSE HNI opened at $48.16 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. HNI has a 1 year low of $28.93 and a 1 year high of $52.79. The stock’s 50-day simple moving average is $41.03 and its 200-day simple moving average is $39.46. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 535.17, a PEG ratio of 0.58 and a beta of 0.91.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. HNI’s revenue for the quarter was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, equities analysts anticipate that HNI will post 4.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HNI. BlackRock Inc. acquired a new position in shares of HNI in the 2nd quarter worth approximately $431,744,000. Bank of New York Mellon Corp acquired a new stake in shares of HNI during the 2nd quarter valued at approximately $37,988,000. Cooke & Bieler LP raised its position in shares of HNI by 23.0% during the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock valued at $31,719,000 after acquiring an additional 140,971 shares in the last quarter. Front Street Capital Management Inc. bought a new position in HNI during the second quarter worth $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new position in HNI in the second quarter worth $16,681,571,000. Institutional investors own 75.26% of the company’s stock.

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.