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

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

HNI has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. HNI has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 HNI opened at $48.16 on Tuesday. The company’s 50-day simple moving average is $41.03 and its 200-day simple moving average is $39.46. HNI has a 1 year low of $28.93 and a 1 year high of $52.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The stock has a market capitalization of $3.48 billion, a PE ratio of 535.17, a P/E/G ratio of 0.58 and a beta of 0.91.

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

About HNI

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.