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MLHR - Upcoming Dividend Payouts
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MLHR - Dividend Yield & Stock Price History
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MLHR - Dividend Payout History
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Dividend.com DARS Rating™ Breakdown for MLHR
MLHR - Dividend Growth History
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|Reveal Dividend Growth History for MLHR.||78.4%||123.2%||2 years|
MLHR - Historical Annual Dividend Data & Growth
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MLHR - Historical Dividend Data
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Herman Miller (MLHR) - News
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Herman Miller Q1 Profit Plunges 75%, Still Beats View, Shares Tumble (MLHR)Sep 17, 2009Office furniture maker Herman Miller, Inc. (MLHR) late Wednesday said that its first quarter profit slid 75% from last year, hurt by sharply lower sales amid the economic recession. The Zeeland, Michigan-based company reported fiscal first quarter net income of $8.4 million, or 14 cents per share, compared with $33.4 million, or 60 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 22 cents per share. Revenue fell 32% from last year to $324 million. On average, Wall Street analysts expected a lower adjusted profit of 19 cents per share, but on slightly higher revenue of $326 million. Herman Miller shares fell $1.95, or -10.2%, in morning trading Thursday. The Bottom Line We have avoided shares of MLHR since our early June coverage began last year, when the stock was trading at $24.41. The company has a .47% dividend yield, based on last night's closing stock price of $19.15. The stock has technical support in the $13.50-$15.00 price area. If the shares can rebound on today's news, we see overhead resistance around the $22 price levels. We would remain on the sidelines for now. Herman Miller, Inc. (MLHR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Factset Research Systems...