HNI Corporation (NYSE:HNI) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.305 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 3.26 percent. Shareholders who purchased HNI shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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HNI Corporation recently reported third quarter financial results on October 19, 2020, before market open, the Muscatine based company reported income for the third quarter of $ 0.71 per share, from the revenue of $ 507.06 million, On adjusted basis, HNI reported income for the quarter of $ 0.71 per share. The quarterly earnings decreased 33.64 percent while revenues lowered 18.92 percent compared with the same quarter last year. Street analysts expected HNI Corporation recently reported third quarter financial results on October 19, 2020, before market open, the Muscatine based company to report income of $ 0.46 per share on revenue of $ 496.50 million for the third quarter. The bottom line results beat street analysts by $ 0.25 or 54.35 percent, at the same time, top line results outshined analysts by $ 10.56 million or 2.13 percent.
Stock Performance
Shares of HNI Corporation traded low $ -0.42 or -1.11 percent on Wednesday, reaching $ 37.45 with volume of 102.60 thousand shares. HNI Corporation has traded high as $ 37.93 and has cracked $ 36.32 on the downward trend
The closing price of $ 37.45, representing a 128.00 % increase from the 52 week low of $ 16.61 and a 11.72 % decrease over the 52 week high of $ 42.90.
The company has a market capital of $ 1.60 billion and is part of the Industrials sector and Business Equipment industry.
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. This segment sells its products through independent dealers, wholesalers, and office product distributors, as well as directly to end-user customers; and federal, state, and local governments.
