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

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) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th.

HNI has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 15 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 Performance

NYSE:HNI opened at $48.16 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The firm has a market cap of $3.48 billion, a PE ratio of 535.17, a P/E/G ratio of 0.58 and a beta of 0.91. The firm has a 50 day simple moving average of $41.03 and a 200-day simple moving average of $39.46. HNI has a 1-year low of $28.93 and a 1-year high of $52.79.

HNI (NYSE:HNI) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI’s revenue was up 120.7% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts expect that HNI will post 4.24 EPS for the current year.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the company’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 owned 148,490 shares of the company’s stock, valued at $7,060,699.50. This represents 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 at this hyperlink. 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 Investors Weigh In On HNI

A number of large investors have recently modified their holdings of the stock. Wealthspan Partners LLC acquired a new position in HNI during the 2nd quarter worth approximately $609,000. Grace & White Inc. NY grew its position in HNI by 22.0% in the first quarter. Grace & White Inc. NY now owns 38,855 shares of the business services provider’s stock valued at $1,297,000 after acquiring an additional 7,000 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of HNI by 53.0% during the fourth quarter. Handelsbanken Fonder AB now owns 16,716 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 5,790 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HNI during the second quarter valued at approximately $2,525,000. Finally, Pillsbury Lake Capital LLC acquired a new position in shares of HNI during the second quarter worth $16,681,571,000. Institutional investors and hedge funds 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.