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.

Dividend History for Herman Miller (NASDAQ:MLHR)

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.

ILLEGAL ACTIVITY NOTICE: “Herman Miller Inc. (MLHR) To Go Ex-Dividend on November 30th” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and republished in violation of United States and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/25/herman-miller-inc-mlhr-to-go-ex-dividend-on-november-30th.html.

Herman Miller Company Profile

5 Day Chart for NASDAQ:MLHR

Receive News & Stock Ratings for Herman Miller Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller Inc. and related stocks with our FREE daily email newsletter.