The ex-dividend date for HNI Corporation (NYSE:HNI) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.88 as of 9:46 a.m., the dividend yield is 3.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for HNI Corporation (NYSE: HNI) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.88 as of 9:46 a.m. ET, the dividend yield is 3.6%. The average volume for HNI has been 300,100 shares per day over the past 30 days. HNI has a market cap of $1.1 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 22.4% year to date as of the close of trading on Tuesday. HNI Corporation and its subsidiaries engage in designing, manufacturing, and marketing office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, and Taiwan. The company has a P/E ratio of 28.5, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates HNI as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full HNI Ratings Report. See our dividend calendar or top-yielding stocks list.