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

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) announced a quarterly dividend on Friday, October 25th, Wall Street Journal reports. Shareholders of record on Saturday, November 30th will be paid a dividend of 0.1875 per share on Wednesday, January 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, November 29th.

MillerKnoll has raised its dividend by an average of 23.6% annually over the last three years. MillerKnoll has a dividend payout ratio of 30.1% meaning 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 Stock Down 0.4 %

Shares of NASDAQ:MLKN traded down $0.10 during midday trading on Friday, hitting $23.49. 630,504 shares of the stock were exchanged, compared to its average volume of 643,353. The business's fifty day simple moving average is $26.19 and its two-hundred day simple moving average is $26.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. MillerKnoll has a 52-week low of $22.43 and a 52-week high of $31.73. The company has a market capitalization of $1.62 billion, a PE ratio of 27.00, a P/E/G ratio of 0.94 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). The firm had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company's quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts predict that MillerKnoll will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Thursday, October 10th.

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.