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

NEW YORK ( TheStreet) -- The ex-dividend date for Herman Miller (Nasdaq: MLHR) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $18.61 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for Herman Miller has been 327,400 shares per day over the past 30 days. Herman Miller has a market cap of $1.07 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 0.5% year to date as of the close of trading on Friday.

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 13.4, above the average consumer durables industry P/E ratio of 13.3 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 largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Herman Miller Ratings Report.

See our dividend calendar or top-yielding stocks list.
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