MillerKnoll, Inc. (MLKN) To Go Ex-Dividend on August 28th

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Saturday, August 29th will be given 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 raised its dividend by an average of 0.1%annually over the last three years. MillerKnoll has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

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

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts expect that MillerKnoll will post 2.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on MLKN shares. Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.