HNI Corporation (HNI) will raise its quarterly dividend to $0.285 per share.

The dividend will be payable on June 1, 2017, to shareholders of record at the close of business on May 19, 2017.

"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.

HNI Corporation is a provider and designer of office furniture and a manufacturer and marketer of hearth products. The company's hearth products include gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories.