Herman Miller Inc. (MLHR) To Go Ex-Dividend on November 30th
Herman Miller Inc. (NASDAQ:MLHR) declared a quarterly dividend on Friday, October 28th. Stockholders of record on Saturday, December 3rd will be paid a dividend of 0.17 per share on Sunday, January 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, November 30th.
Herman Miller (NASDAQ:MLHR) opened at 34.35 on Friday. Herman Miller has a 52 week low of $22.60 and a 52 week high of $36.46. The company has a market capitalization of $2.06 billion, a PE ratio of 14.93 and a beta of 1.44. The stock’s 50 day moving average is $29.20 and its 200 day moving average is $31.41.
Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $598.60 million for the quarter. Herman Miller had a net margin of 6.07% and a return on equity of 26.03%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Analysts predict that Herman Miller will post $2.17 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new stake in shares of Herman Miller during the third quarter valued at approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Herman Miller during the second quarter valued at approximately $314,000. Profund Advisors LLC raised its stake in shares of Herman Miller by 7.9% in the second quarter. Profund Advisors LLC now owns 11,268 shares of the company’s stock valued at $337,000 after buying an additional 822 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Herman Miller during the second quarter valued at approximately $359,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Herman Miller during the third quarter valued at approximately $419,000. 81.34% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on MLHR. Zacks Investment Research raised Herman Miller from a “sell” rating to a “hold” rating in a report on Wednesday. Seaport Global Securities began coverage on Herman Miller in a report on Friday, November 4th. They issued a “neutral” rating for the company.
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Herman Miller Company Profile
Herman Miller Company Profile
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