MUSCATINE, Iowa, May 9, 2017 /PRNewswire/ -- HNI Corporation (NYSE: HNI) announced today its Board of Directors approved a 4% increase in its quarterly dividend to 28.5 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, 2017, to shareholders of record at the close of business on May 19, 2017.
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 provider and designer of office furniture and the leading manufacturer and marketer of hearth products. We sell the broadest and deepest selection of quality office furniture solutions available to meet the needs of every customer through an extensive portfolio of well-known and trusted brands. Our hearth products are the strongest, most respected brands in the industry and include a full array of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. More information can be found on the Corporation's website at www.hnicorp.com.
For Information Contact:
Marshall H. Bridges, Vice President and Chief Financial Officer (563) 272-7400
Jack D. Herring, Treasurer, Director of Finance and Investor Relations (563) 506-9783
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SOURCE HNI Corporation