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

MillerKnoll, Inc. (NASDAQ:MLKN) announced a quarterly dividend on Tuesday, January 13th. Investors of record on Saturday, February 28th will be given a dividend of 0.1875 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 27th.

MillerKnoll has increased its dividend by an average of 0.0%annually over the last three years. MillerKnoll has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MillerKnoll to earn $2.70 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 27.8%.

MillerKnoll Stock Down 3.0%

MLKN stock traded down $0.63 during trading hours on Wednesday, reaching $20.56. 83,632 shares of the stock were exchanged, compared to its average volume of 495,417. The firm’s 50-day moving average is $19.91 and its 200-day moving average is $18.51. MillerKnoll has a 12 month low of $13.77 and a 12 month high of $23.18. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -52.64, a PEG ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.66 and a quick ratio of 0.95.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The company had revenue of $955.20 million during the quarter, compared to analysts’ expectations of $943.13 million. During the same period in the prior year, the firm earned $0.55 earnings per share. MillerKnoll’s revenue for the quarter was down 1.6% compared to the same quarter last year. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. On average, equities research analysts expect that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Trading of MillerKnoll

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of MillerKnoll in the fourth quarter valued at about $46,000. Harbour Investments Inc. raised its position in shares of MillerKnoll by 47.7% in the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of MillerKnoll during the 3rd quarter worth about $72,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of MillerKnoll during the 2nd quarter worth about $82,000. 87.50% of the stock is owned by institutional investors and hedge funds.

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.