HNI Co. (NYSE:HNI) Plans Dividend of $0.33

HNI Co. (NYSE:HNI - Get Free Report) announced a dividend on Monday, May 13th, NASDAQ reports. Investors of record on Friday, May 24th will be paid a dividend of 0.33 per share by the business services provider on Wednesday, June 12th. The ex-dividend date of this dividend is Thursday, May 23rd.

HNI has increased its dividend payment by an average of 1.6% annually over the last three years.

HNI Price Performance

Shares of HNI stock traded up $1.27 on Tuesday, hitting $47.07. 315,782 shares of the company traded hands, compared to its average volume of 254,048. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.29. The business has a 50-day simple moving average of $43.47 and a 200 day simple moving average of $41.67. HNI has a 52 week low of $25.06 and a 52 week high of $47.32. The stock has a market capitalization of $2.23 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.19. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $574.56 million. HNI had a return on equity of 17.75% and a net margin of 2.57%. The business's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Research analysts expect that HNI will post 3.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HNI. StockNews.com cut shares of HNI from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 8th. Benchmark upped their price objective on HNI from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th.

Insider Activity at HNI

In other HNI news, Director Miguel M. Calado sold 2,500 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $42.99, for a total value of $107,475.00. Following the sale, the director now owns 36,988 shares in the company, valued at $1,590,114.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Vincent P. Berger sold 9,976 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total transaction of $429,067.76. Following the transaction, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Miguel M. Calado sold 2,500 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $42.99, for a total transaction of $107,475.00. Following the transaction, the director now owns 36,988 shares in the company, valued at $1,590,114.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,172 shares of company stock worth $832,242. Insiders own 3.36% of the company's stock.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.

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