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

HNI Corporation (NYSE:HNI) 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 2.9%. The ex-dividend date 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 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

Shares of HNI stock opened at $47.57 on Wednesday. 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 one year low of $28.93 and a one year high of $52.79. The business’s 50 day moving average price is $41.33 and its 200 day moving average price is $39.46. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 528.66, a PEG ratio of 0.58 and a beta of 0.91.

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, beating analysts’ consensus estimates 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 quarter in the previous year, the company 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, research analysts predict that HNI will post 4.24 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.15% of the company’s stock.

Hedge Funds Weigh In On HNI

Several institutional investors have recently added to or reduced their stakes in HNI. Triumph Capital Management acquired a new stake in HNI in the 3rd quarter valued at approximately $28,000. AQR Capital Management LLC boosted its holdings in HNI by 6.3% during the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after buying an additional 802 shares in the last quarter. Allworth Financial LP bought a new stake in shares of HNI during the 2nd quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in HNI by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock worth $1,252,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of HNI by 20.5% in the first quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock worth $383,000 after acquiring an additional 1,472 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

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.