MillerKnoll, Inc. (MLKN) To Go Ex-Dividend on November 29th

MillerKnoll, Inc. (NASDAQ:MLKN) declared a quarterly dividend on Tuesday, October 15th,Wall Street Journal reports. Shareholders 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 yield of 2.97%. The ex-dividend date of this dividend is Friday, November 29th.

MillerKnoll has raised its dividend payment by an average of 23.6% per year over the last three years. MillerKnoll has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. 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

Shares of NASDAQ MLKN opened at $25.25 on Wednesday. The stock has a market cap of $1.75 billion, a P/E ratio of 29.02, a P/E/G ratio of 0.98 and a beta of 1.18. MillerKnoll has a twelve month low of $22.35 and a twelve month high of $31.73. The stock has a 50 day moving average of $24.32 and a two-hundred day moving average of $26.42. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. On average, research analysts forecast that MillerKnoll will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

About MillerKnoll

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.