MillerKnoll, Inc. (NASDAQ:MLKN) to Issue $0.19 Quarterly Dividend

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Saturday, March 1st will be given a dividend of 0.1875 per share on Tuesday, April 15th. This represents a $0.75 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, February 28th.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $22.02 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll has a 52 week low of $20.89 and a 52 week high of $31.73. The firm’s 50 day moving average is $23.48 and its two-hundred day moving average is $25.50. The firm has a market capitalization of $1.50 billion, a P/E ratio of 24.20, a P/E/G ratio of 0.87 and a beta of 1.23.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Research analysts forecast that MillerKnoll will post 2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.