Herman Miller Stock To Go Ex-dividend Tomorrow (MLHR)

NEW YORK ( TheStreet) -- The ex-dividend date for Herman Miller (Nasdaq: MLHR) is tomorrow, February 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $26.58 as of 9:32 a.m. ET, the dividend yield is 0.3%.

The average volume for Herman Miller has been 349,400 shares per day over the past 30 days. Herman Miller has a market cap of $1.6 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 8.1% year to date as of the close of trading on Friday.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, products, and related services worldwide. The company has a P/E ratio of 45.6, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Herman Miller as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Herman Miller Ratings Report.

See our dividend calendar or top-yielding stocks list.

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