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. Stockholders 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 dividend yield of 3.41%. The ex-dividend date is Friday, February 28th.

MillerKnoll Stock Down 0.5 %

NASDAQ MLKN traded down $0.10 during mid-day trading on Wednesday, hitting $22.02. The company’s stock had a trading volume of 471,865 shares, compared to its average volume of 631,259. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 0.86 and a beta of 1.23. The company’s 50 day simple moving average is $23.57 and its 200 day simple moving average is $25.55. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll has a twelve month low of $20.89 and a twelve month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share (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 during the quarter, compared to analysts’ expectations of $959.60 million. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that MillerKnoll will post 2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.