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. Investors 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 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, November 29th.

MillerKnoll has increased its dividend payment by an average of 23.6% annually over the last three years. MillerKnoll has a payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.1 %

MLKN opened at $25.25 on Wednesday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18. The company’s 50 day simple moving average is $24.32 and its two-hundred day simple moving average is $26.42. MillerKnoll has a 1-year low of $22.35 and a 1-year high of $31.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts expect that MillerKnoll will post 2.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a 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.