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MUSCATINE, Iowa - HNI Corporation (NYSE: HNI), a manufacturer of office furniture and hearth products, has declared a quarterly dividend of 34 cents per share. This dividend is slated for payment on June 11, 2025, to shareholders who are on record as of the close of business on May 23, 2025. According to InvestingPro data, HNI has maintained dividend payments for 55 consecutive years and has raised its dividend for 14 straight years, with a current yield of 2.7%.
With a history spanning over 75 years, HNI Corporation has established itself in the production of workplace furnishings and residential building products. The company, with a market capitalization of $2.28 billion and annual revenue of $2.54 billion, operates through two primary segments. Its Workplace Furnishings segment is recognized as a global leader in the design and provision of commercial furnishings, marketed under various brands. Meanwhile, the Residential Building Products segment holds a leading position in the United States as a manufacturer and marketer of hearth products. This range includes a comprehensive selection of gas, electric, wood, and pellet-burning fireplaces, as well as inserts, stoves, facings, and accessories. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with analysts maintaining a Strong Buy consensus.
The announcement of the dividend follows HNI Corporation’s continued efforts to deliver shareholder value through regular dividend payments. The company’s commitment to its shareholders is reflected in its consistent distribution of dividends, which is an important aspect of its financial strategy.
As a publicly-traded company, HNI Corporation regularly provides updates on its financial decisions and strategies to investors, ensuring transparency and communication. This latest dividend declaration is based on a press release statement from HNI Corporation and offers shareholders insight into the company’s distribution of profits in the form of dividends.
The information regarding the dividend payment, as well as additional details about HNI Corporation’s operations and products, can be found on the company’s website. HNI Corporation’s stock is listed on the New York Stock Exchange under the ticker symbol HNI.
In other recent news, HNI Corporation reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.44, exceeding the projected $0.35. Revenue also outperformed forecasts, reaching $599.8 million compared to the anticipated $583.47 million. HNI’s operating margins hit their highest first-quarter level since 2007, and the company reported a 20% year-over-year increase in non-GAAP EPS. Additionally, revenue from contract customers grew by 4% year-over-year. The company anticipates continued growth, projecting double-digit non-GAAP EPS increases for the year. Despite challenges such as tariff-related cost pressures and a volatile housing market, HNI remains confident in its ability to manage these issues. CEO Jeff Lorenger highlighted the company’s strong earnings visibility and commitment to long-term investment and operational excellence.
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