NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $32.25 as of 9:31 a.m. ET, the dividend yield is 2.8%.
The average volume for HNI has been 168,200 shares per day over the past 30 days. HNI has a market cap of $1.5 billion and is part of the
industry. Shares are up 2.5% year to date as of the close of trading on Tuesday.
HNI Corporation and its subsidiaries design, manufacture, and market office furniture and hearth products primarily in the United States. The company has a P/E ratio of 39.7, below the average consumer durables industry P/E ratio of 55.2 and above the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates HNI as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full