HNI Corporation (HNI) to Distribute Quarterly Dividend of $0.35 on September 11th

HNI Corporation (NYSE:HNIGet Free Report) declared a quarterly dividend on Monday, August 17th. Shareholders 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) annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 28th.

HNI has raised its dividend 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% indicating that 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 Performance

Shares of HNI opened at $49.85 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.60 billion, a PE ratio of 553.94, a P/E/G ratio of 0.58 and a beta of 0.91. HNI has a 12 month low of $28.93 and a 12 month high of $52.79. The stock has a fifty day moving average price of $42.93 and a 200-day moving average price of $39.47.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on HNI shares. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a research report on Wednesday, July 15th. Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Check Out Our Latest Stock Report on HNI

About HNI

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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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Dividend History for HNI (NYSE:HNI)

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