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

MillerKnoll, Inc. (NASDAQ:MLKN) declared a quarterly dividend on Tuesday, October 15th,Wall Street Journal reports. Stockholders 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 2.95%. The ex-dividend date of this dividend is Friday, November 29th.

MillerKnoll has raised its dividend by an average of 23.6% annually over the last three years. MillerKnoll has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of MLKN opened at $25.45 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The stock has a market capitalization of $1.76 billion, a P/E ratio of 29.25, a P/E/G ratio of 0.98 and a beta of 1.18. The company’s fifty day moving average is $24.23 and its two-hundred day moving average is $26.40. MillerKnoll has a 1 year low of $22.35 and a 1 year high of $31.73.

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

Wall Street Analyst Weigh In

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

MillerKnoll Company Profile

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.