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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, February 28th.

MillerKnoll Trading Down 0.5 %

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

MillerKnoll (NASDAQ:MLKN) last issued its quarterly 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 business had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that MillerKnoll will post 2.12 EPS 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.

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.