HNI (US:HNI) ZACKSยท2024-06-10 16:45Company Overview - HNI is headquartered in Muscatine and operates in the Business Services sector, specifically within the Business - Office Products industry [1] - The company has experienced a price change of 5.67% year-to-date and currently pays a dividend of $0.33 per share, resulting in a dividend yield of 2.99% [1] Dividend Analysis - HNI's current annualized dividend of $1.32 represents a 3.1% increase from the previous year [3] - Over the past five years, HNI has increased its dividend three times, averaging an annual increase of 1.40% [3] - The company's payout ratio stands at 45%, indicating that it distributes 45% of its trailing 12-month earnings per share as dividends [3] Investment Potential - HNI is recognized as an attractive dividend option and is rated with a Zacks Rank of 1 (Strong Buy), suggesting it is a compelling investment opportunity [4] - The Zacks Consensus Estimate for HNI's earnings in 2024 is projected at $3.10 per share, reflecting an expected earnings growth of 16.98% compared to the previous year [7]