NEW YORK ( TheStreet) -- The ex-dividend date for Herman Miller (Nasdaq: MLHR) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $19.60 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for Herman Miller has been 449,000 shares per day over the past 30 days. Herman Miller has a market cap of $1.1 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 21.3% year to date as of the close of trading on Monday.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of interior furniture systems, products, and related services worldwide. The company has a P/E ratio of 17.7, equal to the average consumer durables industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Herman Miller as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, compelling growth in net income, good cash flow from operations and expanding profit margins. 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.

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