MillerKnoll, Inc. (NASDAQ:MLKN) to Issue Quarterly Dividend of $0.19

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Friday, October 25th, Wall Street Journal reports. Investors of record on Saturday, November 30th will be paid a dividend of 0.1875 per share on Wednesday, January 15th. This represents a $0.75 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, November 29th.

MillerKnoll has raised its dividend payment by an average of 23.6% per year over the last three years. MillerKnoll has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect MillerKnoll to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 27.7%.

MillerKnoll Trading Down 0.6 %

MillerKnoll stock traded down $0.13 during mid-day trading on Friday, hitting $23.46. 396,165 shares of the company’s stock were exchanged, compared to its average volume of 642,220. The firm has a market capitalization of $1.62 billion, a P/E ratio of 27.11, a PEG ratio of 0.94 and a beta of 1.17. MillerKnoll has a fifty-two week low of $22.43 and a fifty-two week high of $31.73. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The company’s 50 day simple moving average is $26.30 and its 200-day simple moving average is $26.74.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that MillerKnoll will post 2.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.