HNI vs TOYOF: Which Is the Better Dividend Stock?
As of Oct 24, 2026, HNI and TOYOF are closely matched. TOYOF offers the higher yield at 3.26%, HNI has the higher dividend-safety score, and TOYOF looks like the better value (its fair-value estimate is 80% above its share price).
Key facts: HNI vs TOYOF
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Toyota Motor Corporation (TOYOF) has the higher forward dividend yield at 3.26%, versus 2.94% for HNI Corporation (HNI).
- As of Oct 24, 2026, SmarterDividends grades HNI's dividend safety A (85/100) and TOYOF's C (51/100).
- By SmarterDividends' count as of Oct 24, 2026, HNI has raised its dividend for 15 consecutive years and TOYOF for 3.
- As of Oct 24, 2026, HNI's fair-value estimate is 7% below its share price and TOYOF's fair-value estimate is 80% above its share price, so TOYOF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HNI vs TOYOF: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/hni-vs-toyof
| Metric | HNI | TOYOF |
|---|---|---|
| Forward yield | 2.94% | 3.26% |
| Annual dividend | $1.40 | $0.63 |
| Payout ratio | 504% | 27% |
| Years of growth | 15 yr | 3 yr |
| 5-yr dividend growth | 2.0% | 8.4% |
| 5-yr total return | 20% | 9% |
| Dividend safety score | 85 (A) | 51 (C) |
| Fair value estimate | $44.38 | $35.29 |
| Upside to fair value | -7% | +80% |
| Frequency | quarterly | semiannual |
| Market cap | $3.4B | $231.0B |
| P/E ratio | — | 8.6 |
Higher yield
TOYOF
3.26%
Safer dividend
HNI
Grade A
Faster growth
TOYOF
8.4%
Better value
TOYOF
+80% upside
HNI vs TOYOF — FAQ
Is HNI or TOYOF a better dividend stock?
HNI and TOYOF are closely matched. TOYOF has the higher yield; HNI scores better on safety.
Which has a higher dividend yield, HNI or TOYOF?
TOYOF has the higher forward dividend yield at 3.26%, versus 2.94% for HNI.
Is HNI or TOYOF safer?
HNI has the higher dividend-safety score (85/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is HNI or TOYOF better value right now?
As of Oct 24, 2026, TOYOF looks like the better value: its fair-value estimate is 80% above its share price (undervalued). For HNI, its fair-value estimate is 7% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.