HNI Corporation (HNI) will raise its quarterly dividend by 3.5 percent to $0.295 per share in the second quarter of 2018. This marks the 8th consecutive year of dividend increases by HNI.

The dividend will be payable on June 1, 2018, to shareholders of record at the close of business on May 18, 2018. The new dividend yields 3.2% based on the annual amount of $1.18 per share.

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.