Understanding HNI's Ex-Dividend Date

HNI HNI declared a dividend payable on September 1, 2021 to its shareholders as of August 10, 2021. It was also announced that shareholders of HNI's stock as of August 20, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. HNI has an ex-dividend date planned for August 19, 2021. The company's current dividend payout sits at $0.31. That equates to a dividend yield of 3.23% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding HNI's Dividend Payouts And Yields

Over the past year, HNI has seen its dividend payouts climb upward and its yields trend downward. Last year on August 13, 2020 the company's payout sat at $0.3, which has since increased by $0.01. HNI's dividend yield last year was 4.11%, which has since decreased by 0.88%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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