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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Saturday, June 1st will be given a dividend of 0.1875 per share on Monday, July 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, May 31st.

MillerKnoll has increased its dividend payment by an average of 23.6% annually over the last three years.

MillerKnoll Price Performance

MillerKnoll stock traded down $0.16 during trading on Wednesday, reaching $26.51. The company had a trading volume of 7,376 shares, compared to its average volume of 778,331. The firm’s 50-day simple moving average is $27.59 and its 200 day simple moving average is $26.90. MillerKnoll has a 1-year low of $13.20 and a 1-year high of $31.33. The firm has a market capitalization of $1.90 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The company had revenue of $872.30 million for the quarter, compared to analysts’ expectations of $909.55 million. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. As a group, equities research analysts anticipate that MillerKnoll will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

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.