MillerKnoll, Inc. (MLKN) to Issue Quarterly Dividend of $0.19 on July 15th

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, April 14th. Stockholders of record on Saturday, May 30th will be given a dividend of 0.1875 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 29th.

MillerKnoll has increased its dividend payment by an average of 0.0%annually over the last three years. MillerKnoll has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MillerKnoll to earn $2.00 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 37.5%.

MillerKnoll Trading Up 2.4%

MLKN stock opened at $15.82 on Wednesday. MillerKnoll has a 1-year low of $13.77 and a 1-year high of $23.18. The firm has a market cap of $1.08 billion, a P/E ratio of 113.00, a P/E/G ratio of 0.70 and a beta of 1.41. The business’s 50 day moving average is $16.10 and its 200-day moving average is $17.62. The company has a current ratio of 1.64, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The company had revenue of $926.60 million for the quarter, compared to analyst estimates of $941.95 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that MillerKnoll will post 1.83 earnings per share for the current fiscal year.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.