HNI Corporation (HNI) will raise its quarterly dividend by 3.2 percent to 32 cents per share in 2022. This follows a dividend hike of 1.6 percent to 31 cents per share in 2021 by HNI and this is the second increase since 2019 when the dividend was hiked by 3.4 percent to $0.305 per share.

This also marks the 12th consecutive year of dividend increases by HNI. The new dividend yields 3.5% based on the annual amount of $1.28 per share and a stock price of $38 for HNI. The next HNI dividend will be paid on June 8, 2022 with an ex-dividend date of May 26, 2022.

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.