Herman Miller (MLHR) will suspend its quarterly dividend in 2020 because of the COVID-19 pandemic. Last year the company hiked its quarterly dividend by 6.3 percent to $0.21 per share. The furniture company had been paying dividends since at least 1972.

In today's press release announcing temporary business adjustments in response to the impact of the coronavirus, that company announces the postponement of its upcoming quarterly cash dividend, which was declared on January 16, 2020, and was to be paid on April 15, 2020, to shareholders of record on February 29, 2020. Herman Miller states that it intends for this dividend to be paid to the original shareholders of record at a future date to be determined by the Board of Directors. Herman Miller also announced a temporary suspension of future dividends.

Herman Miller, Inc. is a provider of furnishings and related technologies and services. The company researches, designs, manufactures, and distributes interior furnishings for use in various environments including office, healthcare, educational, and residential settings and provides related services for organizations and individuals worldwide. The company's brands include Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, naughtone, Nemschoff, and Herman Miller. The company was incepted in 1905, went public in 1970 and has paid a dividend since at least 1972.