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HNI Corp. declared a $0.34 quarterly dividend, marking 15 years of increases, with a 2.7% yield and strong payout ratio.
HNI Corporation announced a quarterly dividend of $0.34 per share, payable March 11 to shareholders of record on March 2, with an annualized dividend of $1.36 and a 2.7% yield.
The company has raised its dividend for 15 consecutive years, though increases averaged 0.0% over the past three years.
A payout ratio of 33.9% is supported by projected earnings of $4.01 per share.
HNI, based in Muscatine, Iowa, operates in office furniture and hearth & home products.
The stock trades around $50.26 with a market cap of $2.30 billion.
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HNI Corp. declaró un dividendo trimestral de $0.34, marcando 15 años de aumentos, con un rendimiento del 2.7% y una fuerte relación de pago.