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

NEW YORK ( TheStreet) -- The ex-dividend date for Herman Miller (Nasdaq: MLHR) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $21.39 as of 10 a.m. ET, the dividend yield is 0.4%.

The average volume for Herman Miller has been 365,700 shares per day over the past 30 days. Herman Miller has a market cap of $1.22 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 16.3% 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 15.2, above the average consumer durables industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Herman Miller as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Herman Miller Ratings Report.

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