By the end of today, March 06, 2024, HNI (NYSE:HNI) is set to deliver a dividend payout of $0.32 per share, equating to an annualized dividend yield of 2.97%. Shareholders who owned the stock prior to the ex-dividend date on February 23, 2024 will receive this payout.
HNI Recent Dividend Payouts
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| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-23 | 4 | $0.32 | 2.97% | 2024-02-13 | 2024-02-26 | 2024-03-06 |
| 2023-11-17 | 4 | $0.32 | 3.36% | 2023-11-08 | 2023-11-20 | 2023-12-01 |
| 2023-08-24 | 4 | $0.32 | 3.91% | 2023-08-15 | 2023-08-25 | 2023-09-08 |
| 2023-06-08 | 4 | $0.32 | 4.62% | 2023-05-15 | 2023-06-09 | 2023-06-23 |
| 2023-02-24 | 4 | $0.32 | 4.04% | 2023-02-14 | 2023-02-27 | 2023-03-08 |
| 2022-11-18 | 4 | $0.32 | 4.45% | 2022-11-09 | 2022-11-21 | 2022-12-01 |
| 2022-08-25 | 4 | $0.32 | 3.56% | 2022-08-16 | 2022-08-26 | 2022-09-08 |
| 2022-05-26 | 4 | $0.32 | 3.53% | 2022-05-16 | 2022-05-27 | 2022-06-08 |
| 2022-02-25 | 4 | $0.31 | 2.94% | 2022-02-15 | 2022-02-28 | 2022-03-07 |
| 2021-11-19 | 4 | $0.31 | 3.08% | 2021-11-11 | 2021-11-22 | 2021-12-01 |
| 2021-08-19 | 4 | $0.31 | 3.23% | 2021-08-10 | 2021-08-20 | 2021-09-01 |
| 2021-05-20 | 4 | $0.31 | 2.79% | 2021-05-10 | 2021-05-21 | 2021-06-01 |
HNI’s dividend yield falls in the middle range when compared to its industry peers, with ARC Document Solutions (NYSE:ARC) having the highest annualized dividend yield at 7.58%.
Analyzing HNI Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company’s dividend per share between 2020 and 2023. The dividend per share rose from $1.22 to $1.28, indicating the company’s dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For HNI
Investors can observe a decrease in HNI’s earnings per share from $2.24 in 2020 to $2.24 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company’s cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
This article takes an in-depth look at HNI’s recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.32 per share today, translating to an annualized dividend yield of 2.97%.
HNI’s dividend yield falls in the middle range when compared to its industry peers, with ARC Document Solutions having the highest annualized dividend yield at 7.58%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, HNI seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
It is advisable for investors to monitor the company’s performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[See current stock movements HNI on Benzinga.](https://www.benzinga.com/quote/HNI (NYSE: HNI))
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
