MUSCATINE, Iowa, May 10, 2016 /PRNewswire/ -- HNI Corporation (NYSE: HNI) announced today its Board of Directors approved a 4% increase in its quarterly dividend to 27.5 cents per share on its common stock.
"Our decision to increase the quarterly cash dividend reflects the strength of the business and our confidence the Corporation is well positioned for long-term profitable growth. We continue to be committed to the creation of long-term shareholder value," said Stan Askren, HNI Corporation Chairman, President and Chief Executive Officer.
The dividend will be payable on June 1, 2016, to shareholders of record at the close of business on May 20, 2016.
About HNI Corporation
HNI Corporation is a NYSE traded company (ticker symbol: HNI) providing products and solutions for the home and workplace environments. HNI Corporation is a leading global office furniture manufacturer and is the nation's leading manufacturer of hearth products. The Corporation's strong brands have leading positions in their markets. More information can be found on the Corporation's website at www.hnicorp.com.
For Information Contact:
Kurt A. Tjaden, Senior Vice President and Chief Financial Officer (563-272-7400)
Jack Herring, Manager, Investor Relations (563) 506-9783
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SOURCE HNI Corporation