Wall Street Sees a 78% Upside to HNI Corporation (HNI)

HNI Corporation (NYSE:HNI) is one of the best dividend stocks to buy. As of December 5, the average price target for HNI suggests an upside of 65%, however, the Street high indicates an upside of 78%.

On December 5, HNI and Steelcase Inc. (NYSE:SCS) disclosed that the shareholders of the former have agreed to vote for the issuance of HNI common shares to Steelcase common stockholders under the Merger Agreement. Meanwhile, Steelcase shareholders have voted for the adoption of the Merger Agreement and signed off on the first merger that was decided upon. The companies agreed to merge on August 3, 2025.

Photo by Karolina Grabowska from Pexels

An overwhelming majority of HNI Corp’s and Steelcase’s shareholders backed the merger proposals by each company. A complete report will be provided, mentioning the details of the voting results, on Form 8-K submitted to the US SEC by HNI and SCS. The deal is set to conclude on December 10, 2025.

Previously, on November 5, HNI Corporation declared a dividend per share of $0.34 on its common units. The dividend was distributed on December 1 to shareholders listed as of November 17. The company pays dividends on a quarterly basis.

HNI Corporation (NYSE:HNI) designs, manufactures, and sells office furniture and residential building products in the United States and Canada.

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