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

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 given a dividend of 0.1875 per share on Wednesday, January 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.95%. The ex-dividend date 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 dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

MillerKnoll stock opened at $25.45 on Thursday. MillerKnoll has a 52 week low of $22.35 and a 52 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 firm’s 50-day simple moving average is $24.23 and its 200 day simple moving average is $26.40. The firm has a market capitalization of $1.76 billion, a PE ratio of 29.25, a P/E/G ratio of 0.98 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last released 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 business had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $889.38 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. MillerKnoll’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts predict that MillerKnoll will post 2.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report 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.