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

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

MillerKnoll has raised its dividend payment by an average of 0.1%annually over the last three years. MillerKnoll has a dividend 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 MillerKnoll stock opened at $23.24 on Wednesday. MillerKnoll has a 52-week low of $13.77 and a 52-week high of $24.71. The firm 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 company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. The company’s fifty day moving average price is $21.47 and its two-hundred day moving average price is $18.83.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in MillerKnoll during the 2nd quarter worth about $213,054,000. Vanguard Group Inc. increased its position in MillerKnoll by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after acquiring an additional 623,035 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after acquiring an additional 340,917 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MillerKnoll by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,610,776 shares of the company’s stock worth $52,211,000 after acquiring an additional 103,372 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new position in shares of MillerKnoll during the second quarter worth approximately $62,049,000. 87.50% of the stock is owned by institutional investors.

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.