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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Saturday, August 29th will be paid a dividend of 0.1875 per share on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 28th.

MillerKnoll has increased its dividend by an average of 0.1%per year over the last three years. MillerKnoll has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MillerKnoll to earn $2.40 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 31.2%.

MillerKnoll Trading Up 0.3%

NASDAQ MLKN opened at $23.24 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71. The stock has a market capitalization of $1.58 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The firm has a 50 day moving average of $21.47 and a two-hundred day moving average of $18.83.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, research analysts expect that MillerKnoll will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MLKN shares. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, MillerKnoll presently has an average rating of “Hold”.

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.