HNI Corporation said on Thursday it declared a quarterly cash dividend of 35 cents per share, a 3.0% increase from the prior quarter's 34 cents.
The dividend is payable on Oct. 15 to shareholders of record as of Oct. 1. The furniture and workspace solutions provider has maintained a dividend since 1967 and has raised its payout in each of the last 54 years, according to the company.
HNI, which trades under the ticker HNI on the New York Stock Exchange, said the board approved the dividend at its regular quarterly meeting. The company has not provided additional financial guidance alongside the announcement.
