HNI Stock To Go Ex-dividend Tomorrow (HNI)

NEW YORK ( TheStreet) -- The ex-dividend date for HNI Corporation (NYSE: HNI) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $22.87 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for HNI has been 205,700 shares per day over the past 30 days. HNI has a market cap of $1.07 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 9.7% year to date as of the close of trading on Monday.

HNI Corporation, together with its subsidiaries, engages 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 22, below the average consumer durables industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HNI as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. 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.

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