HNI Corporation (HNI) To Go Ex-Dividend on November 23rd

HNI Corporation (NYSE:HNI) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.35 per share by the business services provider on Tuesday, December 1st. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, November 23rd.

HNI has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HNI to earn $4.71 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 29.7%.

HNI Stock Down 1.5%

HNI stock opened at $48.27 on Friday. The firm’s fifty day simple moving average is $47.32 and its 200-day simple moving average is $42.06. The company has a market capitalization of $3.49 billion, a P/E ratio of 109.69, a price-to-earnings-growth ratio of 0.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.33 and a quick ratio of 0.88. HNI has a 12 month low of $28.93 and a 12 month high of $52.79.

HNI (NYSE:HNI) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.23. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. HNI had a net margin of 1.00% and a return on equity of 15.39%. The business’s quarterly revenue was up 132.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts forecast that HNI will post 4.35 earnings per share for the current year.

HNI Company Profile

HNI Corporation is a workplace furnishings and residential building products company. Its workplace furnishings business designs and manufactures office furniture and related products for businesses, government organizations, educational institutions and other customers. Its portfolio includes brands such as HON, Allsteel and Gunlocke, with products ranging from office seating and desks to workstations and storage. HNI also makes fireplaces, stoves and related hearth products through brands including Heat & Glo, Heatilator, Majestic, Harman and Quadra-Fire.