HNI Corporation
HNIConsumer Cyclical · Stock · quarterly payer
Forward Yield
3.45%
Annual Dividend
$1.40
Payout Ratio
504%
5-Yr Growth
2.0%
Ex-Date
May 29, 2026
Frequency
Quarterly
Summary
As of July 2026, HNI Corporation (HNI) yields 3.45% ($1.40 per share annually), with a blended fair-value estimate of $45.46 — +9% upside, so it screens as fairly valued. Dividend safety grade: A (87/100). 15 years of dividend growth.
Is HNI a good dividend stock?
YesHNI Corporation (HNI) pays a quarterly dividend yielding 3.45% ($1.40/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (504%)
Key Data
- Dividend Yield
- 3.45%
- Payout Ratio
- 504%
- Annual Dividend
- $1.40
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- May 29, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.89
- Market Cap
- $3.0B
- P/E Ratio
- 148.6
- 5-Yr Total Return
- 10%
- 52-Week Range
- $28.93 – $52.79
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
HNI Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+27%
5 Years
+10%
52-Week Range
$28.93 – $52.79
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HNI worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for HNI Corporation is $45.46 per share, versus a market price of $41.62. That implies the stock is roughly fairly priced.
Fair Value
$45.46
Current Price
$41.62
Gap
+9%
Margin of Safety
8%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 11.8% annual free-cash-flow growth. We model 15.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.8% discount rate (CAPM), 15.8% stage-1 growth, 2.5% terminal growth, $0.28 EPS, $1.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HNI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 29, 2026 | — | $0.3500 | regular |
| Mar 2, 2026 | — | $0.3400 | regular |
| Nov 17, 2025 | — | $0.3400 | regular |
| Aug 22, 2025 | — | $0.3400 | regular |
| May 23, 2025 | — | $0.3400 | regular |
| Feb 24, 2025 | — | $0.3300 | regular |
| Nov 18, 2024 | — | $0.3300 | regular |
| Aug 23, 2024 | — | $0.3300 | regular |
| May 23, 2024 | — | $0.3300 | regular |
| Feb 23, 2024 | — | $0.3200 | regular |
| Nov 17, 2023 | — | $0.3200 | regular |
| Aug 24, 2023 | — | $0.3200 | regular |
| Jun 8, 2023 | — | $0.3200 | regular |
| Feb 24, 2023 | — | $0.3200 | regular |
Income Calculator
At $1.40 / yr per share
