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

Key Points

• MillerKnoll declared a quarterly dividend of $0.1875 per share, payable October 15 to shareholders of record August 29. The dividend carries an annualized yield of approximately 3.2%, with August 28 as the ex-dividend date.
• The dividend appears well covered, with a 31.1% payout ratio and analysts expecting $2.40 in earnings per share next year versus $0.75 in annual dividends.
• MillerKnoll reported quarterly earnings of $0.55 per share, exceeding estimates of $0.52, while revenue rose 4.4% year over year to $1 billion.

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) 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 of this dividend is Friday, August 28th.

MillerKnoll has increased its dividend payment by an average of 0.1%annually over the last three years. MillerKnoll has a payout ratio of 31.1% indicating that 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 Trading Up 0.3%

Shares of MLKN stock opened at $23.24 on Wednesday. MillerKnoll has a 12 month low of $13.77 and a 12 month high of $24.71. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The business's 50 day moving average is $21.47 and its two-hundred day moving average is $18.83. The company has a market cap 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.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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%. MillerKnoll'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 earnings per share. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities analysts predict that MillerKnoll will post 2.02 EPS for the current 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.

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