A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of five industrials sector stocks striving to join my Volio folio. This could be the nineteenth pick for Volio!

That industrials sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.

My subject today is a small-cap business equipment and supplies company named, HNI Corp. Their trading ticker symbol is HNI. This is my first ever report on HNI.

HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its office furniture segment, which consists of products such as panel-based and freestanding furniture systems and complementary products.

Their products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments.

The hearth segment consists of products including gas-, wood-, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, mainland China, Hong Kong, India, and Taiwan.

HNI Corporation was incorporated in 1944 and is headquartered in Muscatine, Iowa.

I use three key data points to gauge dividend-paying equities or funds like HBI Corp:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

HNI Price

HNI's price per share closed at $37.04 yesterday. A year ago its price was $39.54. So, in the past year, its price fell by $2.50, or just over 6.3%.

Assuming HNI's stock trades in the range of $32 to $44 this next year, its recent $37.04 price could rise by $0.96  to reach $38.00 by January 9, 2021, assuming upward price momentum ignites.

HNI Dividends

HNI's latest declared quarterly dividend was $0.305 per share paid December 2nd.

That $0.305 Q dividend equates to $1.22 annually and yields 3.29% based on yesterday's $37.04 closing price.

HNI Gains?

Adding the $1.22 annual estimated dividend to my $0.96 estimate of the HNI Corp price upside shows a $2.18  potential gross gain, per share, which will be reduced by any costs to trade these shares.

As for costs, if we put a little over $1,000.00 today in HNI Corp at its recent $37.04 price, would buy 27 shares of HNI.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.37 per share.

Subtract that $0.37 brokerage cost from the estimated $2.18 gross estimated gain per share leaves a net gain of $1.81 X 27 shares = $48.87 or a 4.85% net gain on a $1,000.08 investment.

Therefore, HNI Corp, whose trading ticker symbol is HNI shows a possible 4.85% net gain including a 3.29% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if HNI Corp, is worth your time and money.