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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, January 14th, Wall Street Journal reports. Investors of record on Saturday, March 1st will be paid 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 3.34%. The ex-dividend date of this dividend is Friday, February 28th.

MillerKnoll Trading Up 2.3 %

NASDAQ:MLKN opened at $22.44 on Wednesday. The company has a market cap of $1.53 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. MillerKnoll has a twelve month low of $20.89 and a twelve month high of $31.73. The business has a 50 day moving average price of $22.27 and a two-hundred day moving average price of $24.44. 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 (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $970.40 million during the quarter, compared to analysts’ expectations of $959.60 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. As a group, analysts expect 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 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.