HNI Corp (NYSE:HNI) Announces Dividend of $0.31

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HNI Corp (NYSE:HNI) announced a dividend on Thursday, November 7th, Fidelity reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.305 per share by the business services provider on Monday, December 2nd. The ex-dividend date of this dividend is Friday, November 15th.

HNI stock opened at $39.88 on Friday. The stock’s 50 day simple moving average is $36.55 and its two-hundred day simple moving average is $34.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.19. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 16.55 and a beta of 1.19. HNI has a fifty-two week low of $29.90 and a fifty-two week high of $42.23.

HNI (NYSE:HNI) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. HNI had a return on equity of 19.43% and a net margin of 4.27%. The firm had revenue of $625.40 million for the quarter, compared to analysts’ expectations of $640.30 million. During the same period in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts predict that HNI will post 2.55 earnings per share for the current year.

In other HNI news, Director Miguel M. Calado sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the director now directly owns 50,327 shares in the company, valued at approximately $2,013,080. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey D. Lorenger sold 10,183 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $35.00, for a total transaction of $356,405.00. Following the sale, the chief executive officer now owns 34,669 shares of the company’s stock, valued at $1,213,415. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,342 shares of company stock valued at $442,606. 2.20% of the stock is owned by company insiders.

A number of analysts have recently commented on the company. TheStreet raised HNI from a “c+” rating to a “b-” rating in a research report on Tuesday. ValuEngine raised HNI from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut HNI from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.00.

About HNI

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.

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Dividend History for HNI (NYSE:HNI)

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