Herman Miller soars 34% as it rejoins dividend club

Thursday, 17 September, 2020

Shares of Herman Miller <MLHR.O> soared 34% on Thursday after the office chair seller posted blowout quarterly results and joined an expanding list of companies reinstating their dividends as they become more confident about recovering from the coronavirus.

Herman Miller late on Wednesday reported revenue and earnings far above analysts’ expectations, with sales from its retail segment surging 40% thanks to strong demand from people kitting out their home offices due to the pandemic.

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