Dividend Growth of Herman Miller, Inc.(MLHR)

Herman Miller(MLHR) is having a Dividend Yield of 2.26% with the Annual cash Dividend per share of $0.59. The last quarter cash dividend per share pay out was $0.17. Herman Miller has a 5 year average dividend yield of 1.74% and the stock has a Indicated annual dividend of $0.68. Herman Miller(MLHR) formally announced its most recent dividend on February 2, 2017 with a Dividend per share of $0.17. The new indicated annual dividend based on announced dividend per share is $0.68. The dividend yield based on the forward looking indicated annual dividend is 2.26%. Herman Miller(MLHR) has the most recent dividend payout ratio of 0.31 with a 5-year average payout ratio of 0.29. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Herman Miller(MLHR) is at the rate of 31.92% while the R-Squared dividend growth is 0.5. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Herman Miller, Inc. (NASDAQ:MLHR) rose 1% or 0.3 points on Thursday and made its way into the gainers of the day. After trading began at $30.2 the stock was seen hitting $30.4 as a peak level and $29.9 as the lowest level. The stock ended up at $30.4. The daily volume was measured at 518,494 shares. The 52-week high of the share price is $36.46 and the 52-week low is $23.12. The company has a market cap of $1,821 million. Herman Miller, Inc. has lost 0.98% in the last five trading days and dropped 2.72% in the last 4 weeks. Herman Miller, Inc. has dropped 3.31% during the last 3-month period . Year-to-Date the stock performance stands at -11.11%.

Currently the company Insiders own 1.91% of Herman Miller, Inc. shares according to the proxy statements. Institutional Investors own 82.71% of Herman Miller, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -4.76%. Company has reported several Insider transactions to the SEC, on Jan 20, 2017, Douglas D French (director) sold 998 shares at 30.95 per share price.On Jan 9, 2017, Hezron T. Lopez (SVP Legal Services,) sold 261 shares at 32.42 per share price.On Aug 11, 2016, Brian C Walker (CEO) sold 8,000 shares at 33.69 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Herman Miller was Downgraded by Raymond James to Underperform on Jan 3, 2017.

Herman Miller Last issued its quarterly earnings results on Dec 21, 2016. The company reported $0.54 EPS for the quarter. Analyst had a consensus estimate of $0.54. The company had revenue of $577.50 million for the quarter, compared to analysts expectations of $593.95 million. The companys revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Herman Miller & Co. is engaged primarily in the design, manufacture, and sale of furniture systems and furniture, and related products and services, for offices, and, to a lesser extent, for health-care facilities and other uses. Through research, the company seeks to define and clarify customer needs and problems existing in its markets and to design, through innovation where feasible, products and systems as solutions to such problems.


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