MillerKnoll, Inc. (MLKN) to Issue Quarterly Dividend of $0.19 on January 15th

MillerKnoll, Inc. (NASDAQ:MLKN) declared a quarterly dividend on Tuesday, October 14th. Investors of record on Saturday, November 29th will be paid a dividend of 0.1875 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 28th.

MillerKnoll has raised its dividend payment by an average of 0.0%per year over the last three years. MillerKnoll has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect MillerKnoll to earn $2.70 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 27.8%.

MillerKnoll Trading Up 0.6%

Shares of MLKN stock traded up $0.10 on Wednesday, hitting $15.99. 58,040 shares of the stock traded hands, compared to its average volume of 587,538. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.67. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $25.96. The firm’s 50-day moving average price is $16.47 and its two-hundred day moving average price is $18.30. The stock has a market capitalization of $1.10 billion, a PE ratio of -63.88, a PEG ratio of 0.71 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The company had revenue of $92.95 million for the quarter. As a group, analysts anticipate that MillerKnoll will post 2.12 EPS for the current year.

Hedge Funds Weigh In On MillerKnoll

Several hedge funds have recently bought and sold shares of MLKN. Osaic Holdings Inc. increased its stake in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares during the period. Amalgamated Bank grew its holdings in shares of MillerKnoll by 3.4% in the third quarter. Amalgamated Bank now owns 20,072 shares of the company’s stock valued at $356,000 after purchasing an additional 668 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of MillerKnoll by 0.4% in the second quarter. Legal & General Group Plc now owns 192,219 shares of the company’s stock valued at $3,733,000 after purchasing an additional 678 shares in the last quarter. Hsbc Holdings PLC increased its stake in MillerKnoll by 7.8% during the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock worth $201,000 after buying an additional 753 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MillerKnoll by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after buying an additional 801 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

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.