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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, October 15th,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 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, November 29th.

MillerKnoll has increased its dividend by an average of 23.6% per year over the last three years. MillerKnoll has a payout ratio of 30.1% indicating that 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 1.1 %

NASDAQ MLKN opened at $25.25 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The stock has a market capitalization of $1.75 billion, a P/E ratio of 29.02, a PEG ratio of 0.98 and a beta of 1.18. The firm’s 50-day moving average is $24.32 and its two-hundred day moving average is $26.42. MillerKnoll has a 12 month low of $22.35 and a 12 month high of $31.73.

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). MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that MillerKnoll will post 2.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.